December 10, 2007

Pending home sales unexpectedly rise (Reuters)

A view of a five-bedroom and two-bath home in Detroit, Michigan September 23, 2007. Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the third largest on record, a real estate trade group said Monday. (Rebecca Cook/Reuters)Reuters – Pending sales of existing U.S. homes
rose modestly in October, bucking Wall Street forecasts, but
the decline from a year ago was the third largest on record, a
reminder of how far the housing market has fallen.

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