Amongst The Doom And Gloom, Have We Found Equilibrium?

Contrary to what Wall Street economist forecasted pending home sales rose 7.4 percent from July to August.  With the WTF Madness in the World markets, could this be the beacon of light that identifies the manifestation of the invisible hand doing its job. Is this the harbinger of the end, leading the to the rebound. The madness of the boom in Real Estate which contributed to this unprecedented time maybe reaching the end.  Is this the first sign that we professionals look for and pounce upon? Being a Mortgage professional and working multiple transactions I have confidence that it is picking up.  All we can do now is put the blinders on and grind it out, and pull our heads up when the rest of the market realize “we bounced back”.

 

Pending home sales up 7.4 percent in August

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