Pending Home Sales Soar to 2-Year High in July

and most of the sales were for foreclosures and short sales where $8K makes up approx 10% of the sales price. not talking about the metro area.

please try again......

again steveF, only doom and gloom documentation is acceptable here! the big brains who spend their time blogging here are convinced that the economy is screwed and nothing you show matters a whit!

jimhones, i'm used to these lifelong pessimists. Who luv to bring others down with them. Misery loves company. It used to be real bad around here but it's hard to fight the good news tape. So they've left. They were just hoping to trash the market for their own gain. Typical f-ups.

While I have been bearish in the last two years -- I appreciate your articles as it is always better to hear many data points. I am not yet sold as to whether or not we are done falling, especially from RE, but am open. Thanks. SteveF. In March -- when things were dire, you called for the market to capitulate and that it did. We were all relieved.

ok manhattanfox. welcome aboard the wealth train.

:)

I'm new here, but I've got to imagine that any increase in sales has more to do with the lower prices & foreclosures. The only other people who I know that are buying now are people who are scooping up cheap country houses because the prices in the Catskills, Berkshires & Poconos have gotten too good to pass up. I'm buying because I rent now, have the money & want to get a good deal while it's there. People who have to sell to buy are screwed.