Pending Home Sales Post Record Plunge in NovemberAs a small business person I am approaching the point of true, unmitigated terror.
"It was the largest drop, point-wise, since the industry group started the index in 2001, dragging the indicator to its lowest level since June.
NAR officials said the drop was related to a decrease in sales activity as the original Dec. 1 deadline for the first-time home-buyers tax credit approached. Pending home sales are contracts signed, meaning it could take several months for a home buyer to finance and finish the transaction. A November home buyer may have been too late to qualify for the original deadline."
Tuesday, January 05, 2010
But... but... but... MSM is saying the recession is over. It is, right? Come on, help me here...
WooHoo....
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