Monday, August 29, 2011

Mazi's Link O' the Day

Home sales still look weak, and the Pending Home Sales Index is down, suggesting things won't be picking up. Lesson: It takes a LONG time to recover from real estate crashes, and, unfortunately, real estate is mighty important to the economy:

http://www.calculatedriskblog.com/2011/08/pending-home-sales-decreased-in-july.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29

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