assume that things are "Normal"...
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There were two VERY interesting explanations outed this week.
to explain, if there is one...
what happened to existing home sales.
ONE, is that there were fewer 1st time home buyers.
NOT, bcuz the new home buyer's tax credit no longer exists...
but, bcuz there actually ARE fewer 1st time home buyers.
Of course, the unemployment numbers and no job creation numbers have nothing - absolutely NO think to do with this...
Second is that there were a very large number of unexplained cancellations.
That is not normal, and needs to BE explained.
Why? And, why now?
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There is the old question:
"What do they know that we do not?"
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Existing Home sales fell in June, fewer 1st-time buyers
http://news.yahoo.com/june-
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High cancellations depress homes sales
http://news.yahoo.com/home-
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