Wednesday, May 30, 2012

Real Estate Pending Home Sales Collapse 5.5%

A 5 am head fake "rumor ramp" in Europe, was followed by this:

Pending home sales fell 5.5 percent in April, reversing a 3.8 percent gain logged in March, new data out of the National Association of Realtors shows.

The NAR also revised last month's gain 30 basis points lower, from an earlier estimate of a 4.1 percent increase.