Pending Home Sales ‘Unexpectedly’ Drop in April

Posted by on May 30, 2012 at 10:23 am

I can’t wait for the headlines on November 7 that read how Barack Obama unexpectedly lost to Mitt Romney.

Pending home sales in the U.S. unexpectedly showed a notable decrease in the month of April, according to a report released by the National Association of Realtors on Wednesday, with the drop coming after three consecutive monthly gains.

NAR said its pending home sales index tumbled 5.5 percent to 95.5 in April from a downwardly revised 101.1 in March. The drop by the index surprised economists, who had expected pending home sales to edge up by 0.5 percent.

The only people who are ever surprised by such unexpected news are the experts, economists and media. The rest of the country knows what’s going on.

H/T Andy.

One Response to “Pending Home Sales ‘Unexpectedly’ Drop in April”

  1. Blue Hen on 30/30/12 at 11:10 am

    Well, it’s not as if Spring months like April are big months for selling real estate…..Wait.