The National Association of Realtors' index for pending sales of existing homes decreased at a seasonally adjusted annual rate of 12.2% to 89.9 in July from June's 102.4, the industry group said Wednesday.
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"These temporary problems are primarily with jumbo loans, and there are continuing issues for subprime borrowers, but there are no serious problems for the majority of buyers who qualify for conventional financing or FHA-insured loans," Mr. Yun said. "Some consumer concerns remain, but since mid-August the market has been stabilizing somewhat.
"[S]tabilizing somewhat"?!!! "Some consumer concerns remain"?!! He increasingly looks like the ROTC cadet standing in the middle of the street at the end of Animal House. Sorry, but everything is not going to be OK.
1 comment:
Why is discovery's tour team not competing in the Vuelta?
I guess that George and Levi wanted to compete for the US Champ., but what about the others?
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