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Results (Still) Pending
The good news is, a marquee measure of US pending home sales no longer sits at a record low.
The bad news is, Thursday's update found that gauge parked at its second-lowest level on record.
Suffice to say "improvement" remains a highly relative term when it comes to the resale market for US homes.
The NAR's measure of national contract signings ticked up by 0.6% in August from an unrevised all-time nadir the prior month. Consensus expected a 0.4% advance. (It's a "beat"!)
As the figure sho
When the poor cannot afford a home its a problem.
When the median cannot afford a home its a ____________ (Fill in the blank).