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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Tradelite who wrote (14843)6/26/2000 11:44:00 PM
From: Gary Taylor  Read Replies (1) of 15132
 
Tradelite;

I fully agree with your premise that what we see as sales reported are a trailing indicator, but do you have any indication of the number of "contracts" that were initiated actually did NOT come to execution?

We do things differently here in California, with offers going into "escrow" until an agreement between buyer and seller is reached.

Often one of the terms of the offer is tied to the loan interest rate that the buyer can get. Recently it seems that a lot of offers are "falling out of escrow" because of interest rates, and there is no sale. I wonder if these numbers are reported anywhere?
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