4um: Pending Home Sales Plummet 35% YoY - Biggest Drop Ever As Buyers Forfeit Deposits

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Title: Pending Home Sales Plummet 35% YoY - Biggest Drop Ever As Buyers Forfeit Deposits
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URL Source: https://www.zerohedge.com/personal- ... ummet-35-yoy-biggest-drop-ever
Published: May 28, 2020
Author: Tyler Durden
Post Date: 2020-05-28 21:44:31 by Ada
Keywords: None
Views: 350
Comments: 2

Existing home sales collapsed but new home sales rebounded in April, which leaves pending home sales to break the tie and analysts expected a 17.3% MoM drop. However, pending home sales disappointed notably with a 21.8% MoM collapse, sending YoY sales crashing 34.6% - the most ever...
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#1. To: Ada (#0)
I'm surprised that it's not much worse.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Lod posted on 2020-05-28 22:11:24 ET Reply Trace Private Reply
#2. To: Lod, 4um (#1)
I'm surprised that it's not much worse.

It is, at least here in FW.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso posted on 2020-05-28 23:46:12 ET Reply Trace Private Reply
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