assume this is not one of messiest RE reports, ever...
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While NAR did, finally, adjust its "sales" report, to eliminate some "problems"
they did not adjust this "pending" sales report.
Why?
The same MLS overlap that was such a problem for final RE "sales"
it taken from the same MLSs - so, what is different.
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Far more serious is the report by Lawler on Calculated Risk
that the "adjustments" that WERE made were "all over the map"
literally and figuratively =
massive shifts where there probably were none
and
almost no shifts where their HAD to be a large one.
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Index of pending home sales climbs to 19-month high
http://latimesblogs.latimes.
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NAR Pending Home Sales Up 7.3% for Nov
Contract signings for US homes up 7 percent in November, highest since April 2010
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Pending Home Sales: November 2011
http://paper-money.blogspot.com/2011/12/pending-home-sales-november-2011.html
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Contract signings for homes up in November
But the gauge has become less reliable lately because of cancellations
http://www.msnbc.msn.com/id/
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