Pending sales jump may be wishful thinking

Interesting take on yesterday’s post about pending home sales. Barry Ritholtz points out that so many sales are derailed by buyers’ inability to get financing, “pending sales” are outpacing actual sales by a huge amount.
The result is that, as good as it is to see the Pending Homes Sales Index so high, it really may not mean much at all.

Read more over at The Big Picture.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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