Pending home sales dip

From MarketWatch:

Pending home sales slide for second month in a row — even though economists predicted an increase

Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say whether that’s a signal of a cooling market.

Pending home sales fell 1.8% in July compared with June, the National Association of Realtors reported Monday. Economists polled by MarketWatch had projected a 0.5% increase for pending home sales in July.

Compared to last year, there was an even more significant decline in pending home sales, with an 8.5% drop.

On a regional basis, only the West saw an improvement in contract signings, with a 1.9% monthly increase. The Northeast experienced the largest monthly decline of any region, with a 6.6% drop from June. Every region saw pending home sales decrease on an annual basis.

“The market may be starting to cool slightly, but at the moment there is not enough supply to match the demand from would-be buyers,” Lawrence Yun, chief economist for the National Association of Realtors, said in the report. “That said, inventory is slowly increasing and home shoppers should begin to see more options in the coming months.”

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54 Responses to Pending home sales dip

  1. dentss dunnigan says:


  2. 3b says:

    Larry Yun, still doing his thing!

  3. 3b says:

    In other news AOC and her group want Powell gone, and the Fed revamped to focus on climate change and social justice.

  4. Juice Box says:

    Biden is supposed to announce his endorsement month, so according to AOC the FED should create regulations to tell banks to what not lend to CO2 polluters and relax rules for lending to the poor? I am pretty sure that would cause cascading failures back here in reality.

  5. Ex says:

    Churros for everyone!!

  6. 3b says:

    Juice It would destroy the dollar. It’s amazing to me, and perhaps it should not be that she comes on the scene out of nowhere , with absolutely no experience or expertise in any area and yet she considers herself an expert no matter what the topic.

  7. No One says:

    Re the home volumes dip. I thought this is due to lack of supply rather than lack of demand, as Yun said. Are prices still rising in housing? I suspect dollar value is up even if volume is down. Thus sales by value would be up.

  8. Juice Box says:

    Hahaha School just found mold, yesterday!! So now first three days next are cancelled for my kids now, they expect to now be open on the 13th….

    From the letter today…

    “Schools. An environmental consultant was on site
    yesterday and confirmed that moisture caused mold in these classrooms. (in only two schools)”

    “Members of our Facilities Department carried out a visual inspection of all other elementary school classrooms throughout the district. They did not note any visible mold. However, to ensure the environments in our buildings are safe for students and staff, the consultant will be testing each room in all elementary, middle, and high schools in the district. During that time, all of our buildings will be closed to students, visitors, and staff, with the exception of our Facilities Department staff, as needed.”

    This could have been avoided if they tested months ago…why wait until yesterday? Rumors swirling on FB say it was reported in February and nothing was done.

  9. 3b says:

    Roubini warns stagflation is coming.

  10. Juice Box says:

    Supply of homes has nearly doubled in the last year from 3.5 to 6.2 from August 2020 to August 2021. The reality is nobody wants to pay top dollar crapshacks that smell of grandma, mothballs, Pall Malls and cats. For the $$$ being asked they want a brand new home, hence Yun talking about the shortage of supply. He means new ones.

    One crapshack by us was knocked down, built with the most expensive 2×4 lumber in history as the new home rose during the pandemic for sale @ 900k with no garages, no deck and a nice view of the cemetery. Price was reduced several times over spring and summer to $799. I am waiting for the print on the closing price, it says pending…

  11. Juice Box says:

    3B – re: Roubini….and stagflation. Don’t have to be a magician to see that. Oh wait that was Houdini. The trillions in stimulus tapered off in July no magic here….

    If Biden picks another Fed Chair it will be an inflation dove, any rise in rates means we all starve.

  12. Bystander says:

    And Marjorie Taylor Greene believies in Jewish space lasers..why so focused on AOC? She will never get it which is why she says it. Powell will be re-nominated. He has shown himself a complete spineless coward who will throw money at anything as well as bl*w the presidency. Biden loves him.

  13. The Great Pumpkin says:


    I agree. The supply is misleading. A lot of terrible houses on the market, doubt anyone wants to buy this crap.

  14. Juice Box says:

    Some more new on the heavy hand of Governor Murphy and threats to towns about trying to opt out of his mandate for masks in schools. Our School Board planned two weeks ago to allow some exemptions for the Executive order 251 mask policy, which provided more parental control on waiving out of masks and excessive heat exemptions for buildings that lack air conditioning.

    When the Governor heard about it he issued a new exec order Executive Order 253 requiring a Doctor’s note for excessive heat targeting our town and others, when reality it’s unenforceable since a child experiencing excessive heat has no reasonable way to get a doctor on the phone to get a note.

    According to our School Board Attorney, the governor’s office ALSO called to say that the town would be sued if they passed the policy they were considering.

  15. 3b says:

    Bystander: Because she is ignorant and arrogant, and it’s a dangerous combination.

  16. 3b says:

    Juice: A few houses sitting around in my town that I would have thought would be gone by now. Inventory seems to be increasing too.

  17. Hold my beer says:


    She was a bartender for years . She must have overheard thousands of conversations and developed her knowledge and expertise in all areas that way.

  18. Hold my beer says:

    Just think if she primaries Schumer she will become a senator. Or she could run for governor and do to the state what di bozo has done to the city

  19. 3b says:

    Hold:Yes , yes!! That’s it! It makes her more than qualified!

  20. The Great Pumpkin says:

    Why we won’t see a housing market crash anytime soon
    While there are several reasons our latest frenzy won’t result in a bust, there’s one reason in particular that really stands out.

  21. 3b says:

    Hold: She is apparently considering a run for Schumer s seat. After that it’s on to VP. If Harris got it with no foreign policy experience, and no business experience then AOC is just as qualified. Meanwhile, over on the Republican side there is no one on the horizon that can challenge the Democrats. Biden won’t run in 2024, and Harris is being kept hidden. I don’t see how she can be the candidate in 2024.

  22. Juice Box says:

    Never underestimate bartenders. . John Boehner was Speaker of the House after all, and was a heavy smoker and drinker the whole time. AOC should be around for a long time, they did not redistrict her out yet. New York will go from 27 to 26 Congressional seats next year and the new district maps will be announced in about two weeks. We shall see. I would say she may survive.

  23. Bystander says:


    She may be all those things. But she is a single rep. She controls nothing. Again there is no reason to jump when she opens her mouth.

  24. 3b says:

    Bystander: I am not arguing that point, but she is prominent in the Democratic Party, and she gets a lot of air time, and that gives her credibility. The Biden administration is already beholden to her and her so called progressive wing. She will continue to ride in prominence in the Democratic Party and on the national stage.

  25. 3b says:

    Juice I would say she more than survives.

  26. Juice Box says:

    3B – Hard to say….the party runs on continual fundraising. She has not put in anytime working the phones for the DNC to raise money from the richer donors, and has spoken out against the practice and did piss off many party leaders in her state with tanking the Amazon deal. How many of them bought up housing in that neighborhood expecting to make money on a flip?

  27. 3b says:

    Juice: Fair points, but she has a loud speaker to the public. There would be a backlash were she forced out. We shall see.

  28. 3b says:

    Juice In the 1940s New York had over 40 seats , the decline has been decades long.

  29. Bystander says:


    Some I guess the Rs are beholden to MTG? Big mouths that say controversial things get more air time but Ds are not beholden to her. She gets a small seat at the table, not the captains seat. She is attractive and Fox news love to show her as face of D soc*alism. A win for clicks and ratings.

  30. 3b says:

    Bystander: She gets air time, press, by all the media, not just Fox. She is a small fish now, I am not debating that, but I believe her influence and power will grow. I don’t need to compare to a Republican. That’s the beauty of being an Independent as I don’t feel I have to justify whether Democrat or Republican.

    I despise both parties and I have said that repeatedly. I have particular dislike for Biden and his build it back better nonsense. He along with many other Democrats and Republicans say back and did nothing while corporate America sold out the American worker, now he wants to build it back better. It’s a bunch of crap.

  31. Fast Eddie says:

    Anyone have a link for the NASDAQ weighted portion for the S&P 500? What I want is to see what percent of the S&P is NASDAQ and what percent is DOW.

  32. Bystander says:


    Who is on the horizon that you will support? Curious.

  33. 3b says:

    Bystander: Sadly, at the moment no one on either side.

  34. leftwing says:

    “Just think if she primaries Schumer she will become a senator.”

    Political suicide to primary Schumer…he leaves when he wants to leave. Pull that trigger and your political career is DOA. Plus, she’s unelectable statewide.

    “New York will go from 27 to 26 Congressional seats next year and the new district maps will be announced in about two weeks.”

    Focus will be on ‘fixing’ NY22…with only a few seat margin in the house this district becomes all important given the small margins of victory recently (100 votes in 2020)….

    That can be accomplished by shifting a few lines without using the elimination chit.

    Who gets redistricted out of existence? Not AOC….

    You guys give her too much electoral credit….big mouth(piece), face of the far left on both sides of the network spectrum, MSDNC and Fox….for the NY Dems the current situation is not the worse of either world….a ‘conscience’ that plays in her own sandbox but can’t be disruptive with real world impact statewide…not worth the blowback to screw with her. She’s benign outside of her hardcore left supporters.

  35. Grim says:

    Sounds legit

  36. Juice Box says:

    Eddie – data you are looking for this minute anyway, what are you trying to figure out anyway?

    S&P Distribution is 356 stocks on NYSE and 147 on NSADAQ.

    Here they are ranked by Exchange and Sector….

    The MSM talks mostly about the top stocks as they are about 25% of the S&P total value AAPL,MSFT, GOOG,GOOGL,AMZN,FB TSLA,BRK.B,NVDA

  37. No One says:

    AOC is a sign of what’s to come. Idiocy times far left ideology. There are plenty of 19 year olds who thinks she’s a genius. Hard left economically with the new critical race theory BS which means everyone who disagrees with her is an evil oppressor. I would say she is the equivalent to a Jerry Falwell except the religious nuts on the Repub side have always been relegated to the sidelines. Sometimes it looked like they would have more power in the party, but instead they were just milked for free volunteers around election time, and in return their items got put in the party platform but never really got legislated. In contrast I think the AOC wing really is the future of the Democratic party, at least intellectually/policy/culture-wise. and her agenda will be embedded in future Democratic legislation.

  38. BRT says:

    I know 35 year old people who teach science who think AOC is a genius.

  39. leftwing says:

    Biden’s presser so far…IT’S EVERYONE ELSE’S FAULT

    Afghani government collapse…..on them

    Americans left behind…..on them

    Committing to leave……on Trump

    Committing to Kabul and not Bagram…..on Joint Chiefs

    Bizarre, as he’s claimed the decision to withdraw itself as positive (which I agree) but I guess everything gets thrown in the blame bucket once he’s on a roll…..

    Meaningless words….just take a knee again at the WH, since that seems to be your best competence, you pussy. Fcuking laughingstock.

  40. leftwing says:

    Biden’s presser so far…IT’S EVERYONE ELSE’S FAULT

    Afghani government collapse…..on them

    Americans left behind…..on them

    Committing to leave……on Trump

    Committing to Kabul and not Bagram…..on Joint Chiefs

    Bizarre, as he’s claimed the decision to withdraw itself as positive (which I agree) but I guess everything gets thrown in the blame bucket once he’s on a roll…..

    Meaningless words….just take a knee again at the WH, since that seems to be your best competence, you pu$$y. Fcuking laughingstock.

  41. SmallGovConservative says:

    3b says:
    August 31, 2021 at 10:33 am
    “Meanwhile, over on the Republican side there is no one on the horizon that can challenge the Democrats. Biden won’t run in 2024…”

    I think the actual candidates won’t matter much in ’24. The single biggest issue is whether the Dems are able to institutionalize sham (mail-in) elections. If they are, they’ll win — FOREVER! If not, they’ll get crushed in ’24. It won’t matter if the R’s run T, DeSantis, Abbott or Herschel Walker, the state of affairs will be so bad in ’24 that we’ll see a Reagan-like landslide.

  42. leftwing says:

    No One, I think your description of the way the Repubs used the religious Right is exactly analogous to how the Dems are treating and intend to treat AOC and her cronies.

    Pelosi has already sidelined her. In NYS politics she is irrelevant. And, again, if she ever runs statewide whichever seat she is seeking will go the other way.

    Moreover, no way she makes it out of a Dem primary for a statewide post, due primarily to the challenge she would face to the established party hacks as well as their recognition of her inability to win.

  43. BRT says:

    Always love the Princeton police blotter. These people are easily the dumbest rich people on the planet.

    A resident of Walker Drive reported to police on Aug. 24 that she was scammed out of $250,000 when someone posed as her friend and told her to wire money for an investment. She wired the money before she realized the request was a scam.

    A blue 2021 BMW X5 valued at $64,000 was stolen from a property on Wilkinson Way sometime between 5 p.m. on Aug. 23 and 9 a.m. on Aug. 24. The BMW was left unlocked with the keys inside. The owner reported that the vehicle also contained multiple personal identifying documents

    Someone went into an unlocked car on John Street Alley on Aug. 24 and rummaged through the vehicle, stealing a wallet and money from the center console and glove box.

    A Trewbridge Court resident was scammed out of $3,000 by someone she met on a dating website. She reported the scam to the police on Aug. 14.

    Someone stole more than $1,140 worth of tools from the Princeton Housing Authority garage on Redding Circle. Police were notified of the theft on Aug. 12.

  44. Fast Eddie says:


    Thank you. :) My S&P 500 mutual fund seems to move more with the NASDAQ movement so I was looking for weight and distribution.

  45. Libturd says:


    Back from my overpriced college tour of New England. I might have a very sneaky plan in my back pocket. It involves sending a Jew to the honors program run by Friars. Then transferring to a top school after two very inexpensive years. Imagine, using one’s Jewishness, even though he couldn’t even tell you the difference between a menorah and a kwanzaa candle, for a huge educational discount.

    You guys give AOC too much credit. Focus should be all on Pelosi/Schumer. They blew it with HRC and got their mojo back during the Kavanaugh hearings. Ain’t no way Harris is anointed for president. Could very well finally be Warren’s turn or really nearly any of them. Harris fit the BLM narrative. Black, but a prosecutor. White people could vote for that.

    As for 2024. It probably is about the economy. Though, the mail-in ballot stuff certainly helped in 2020. It was more about stopping the populism. The Rs will lose again if all they are banking on is the reduction of mail-in ballots and the economy doesn’t go kaput. Don’t pull a Hillary.

    Afghanistan? What’s that?

    Left. What was that stock you wanted me to look into?

    Everyone. If you didn’t put a couple rupees into Amazon at this price, you are clueless.

  46. leftwing says:

    motherfcuking filters……….

    can we just move everyone to reddit for fcuking christ sake…….

  47. leftwing, still pissed at these filters says:


    good luck at providence…recommend it and my guy was nearly attending….they are tight with cash and fully priced….we would have gotten zero so breathed a sigh of relief when he decided on a school that gave him a scholarship…..solid school, but be careful, your boy may come home and throw on Tcuker Car1son…..

  48. leftwing, still pissed at these filters says:

    oh, and the stock is ZIP

  49. Ex says:

    Life goes by too fast. If I had it to do all over again I’d have played more ice hockey.

  50. SmallGovConservative says:

    Libturd says:
    August 31, 2021 at 5:52 pm
    “Afghanistan? What’s that?”

    That’s the place where the putz that you voted for got 13 soldiers killed — and then was so bored at having to watch their coffins being carried off the plane in Dover that he kept checking his watch.

  51. Libturd says:


    Do you see the FOX logo in your eyelids when you blink?

  52. Libturd says:


    Zip is too new. I can only evaluate companies with at least a 5 year history.

  53. Fabius Maximus says:

    Its morning again in Gilead!

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