The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (175252)	1/6/2009 10:11:21 AM
From: ChanceIs	Read Replies (3) of 306849

Pending home sales plunge to record low in Nov. Pending sales of existing homes fell to record low, sinking 4 percent in Nov. from Oct. >>>Same story but I prefer this headline. Finally stop the KBH rally???<<< WASHINGTON (AP) -- The National Association of Realtors says pending home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to put their purchases on hold. The trade group said Tuesday its seasonally adjusted index of pending sales for existing homes fell 4 percent to 82.3 from a downwardly revised October reading of 85.7 in October. That's worse than the reading of 88 that economists expected, according to a survey by Thomson Reuters. The reading, which was down 5.3 percent from November 2007, was the lowest since in the eight-year history of the index, beating the previous record low of 83 set in March 2008.

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