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Pending Sales Droppped 26% in the Northeast

 
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Renting in Mass



Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011

PostPosted: Tue Jan 05, 2010 4:13 pm GMT    Post subject: Pending Sales Droppped 26% in the Northeast Reply with quote

http://www.bloomberg.com/apps/news?pid=20601087&sid=ax6YYd4f

Pending sales of existing homes dropped 26% in the Northeast in November (month-over-month).

The national number was down 16%. Estimates ranged from -12% to +3.9%.

It's almost like they underestimated how much the tax credit pulled forward demand Wink
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