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Guest The_Oldie

U.s. Economy: Pending Home Sales Drop Most On Record

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Guest The_Oldie

http://www.bloomberg.com/apps/news?pid=206...&refer=home

Sept. 5 (Bloomberg) -- The number of Americans entering into contracts to buy previously owned homes plunged in July by the most since records began in 2001, worsening the two-year housing recession.

The National Association of Realtors' index of signed purchase agreements dropped 12.2 percent after gaining 5 percent in June, the group said today in Washington. The decline was more than five times the median forecast of economists surveyed by Bloomberg News..........

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Given the UK's boom has been far longer and far bigger it is lucky ours is perpetual and does deal with cycles otherwise we would be in real trouble! In fact given it's perpetual nature no doubt Gordon Brown will use it as a way to solve our future energy crisis!

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Guest vicmac64
Given the UK's boom has been far longer and far bigger it is lucky ours is perpetual and does deal with cycles otherwise we would be in real trouble! In fact given it's perpetual nature no doubt Gordon Brown will use it as a way to solve our future energy crisis!

Yeah a perpetual solution from a perpetual 'Moron' aka Nero Brown, take one look at him and tell me if he even looks up to the job?? Pathetic little specimen.

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http://www.ft.com/cms/s/0/9a22850c-5bf5-11...00779fd2ac.html

Demand for homes in the US fell dramatically to a six-year low as lending conditions tightened in July. Economists had expected pending home sales to fall 2 per cent, but they dropped 12.2 per cent, according to the National Association of Realtors.

:(

Edited by Ash4781

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