Pending Home Sales Fall Due to Dwindling Supply

BrianBallsOfSteel | Jan 28, 2013 10:03 AM ET Now this number must be true...if it was good, it would have been FAKE!

debtslave | Jan 28, 2013 10:09 AM ET does CNBS actually proof-read their headlines? this is gotta be the dumbest attempt at spin I`ve ever seen (almost).....sales fell because there is no supply, maybe, because the banks are keeping the foreclosures off the market, go ahead and release some more so we can get a real picture of the housing market. They will wait until bernanke tells them too so the fed can justify more QE when needed. Once again, total gov`t contolled data.

educatedmexican | Jan 28, 2013 10:14 AM ET In some areas it is impossible to buy a home. Want to buy a home in Williston, ND? Good luck! Want to buy a home in Midland / Odessa, TX? You better have plenty of cash or wait for months before you find a home. How about a house in Woodward, OK? Not a chance, unless you buy a 40 year old house. All of these places are oil towns and the boom is creating more demand than supply.

mar29oct | Jan 28, 2013 10:15 AM ET We suppose to believe National Association of Realtors. Dwindling supply, now that a new spin.

LoganMohtashami | Jan 28, 2013 10:15 AM ET The Price You Pay for a clumsy marketplace that never allowed the zombie homes to die a normal death Low inventory pushing up pricing and not having a correct supply and demand balance is a easy sign of a dysfunctional marketplace If it wasn`t for the Hedge funds, High Cash Investors and foreign investors we would been having much lighter existing home sale numbers Logan Mohtashami

BrianBallsOfSteel | Jan 28, 2013 10:21 AM ET ....so apparently posters here think that all banks should be forced to put all of their inventory on the market at once, right? I think EVERYBODY who is thinking about selling their house should be FORCED to put it on the market RIGHT NOW. Cant wait...have to do it now!

No_kidding | Jan 28, 2013 10:25 AM ET A person owes $250,000 on their mortgage(s). The market value of the house is $200,000. Does anyone think they`re going to sell their house? Meanwhile the banks have many homes that are not yet formally in foreclosesure so they are not yet available. Many banks still don`t want to entertain thoughts of short sales so people are stuck in the house until the system finally foreclosures. What a spin the NAR is putting on this. Of course, this is the same group that was double counting all good information and ignoring the bad a few years ago.

Observador | Jan 28, 2013 10:30 AM ET LOL LOL LOL The dumbest argument I have read in a long time. Come on guys there are millions of properties unsold. This kind of crap can come only from realtors

LoganMohtashami | Jan 28, 2013 10:36 AM ET @Observador There lies the problems we do have millions of homes sitting vacant a lot of them are in the worst areas economically in the US. Housing starts have had their worst 4 year span in terms of starts going back to 1959.. from 2009-2012 and a portion of the homes built were Multi family On top of that we have 10 Million plus underwater and 2 million plus that don`t have enough equity to sell and pay their R.E. agents The Housing Market is very very clumsy right now Logan Mohtashami

antisocial | Jan 28, 2013 10:37 AM ET there is houses for sale everywhere you look... DIANA why dont you go on trulia or mls and show the world how many houses is there for sale? rest my case.






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Pending Home Sales Fall Due to Dwindling Supply

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