Today’s Pending Home Sales Show Great Comfort (XHB)
May 4th, 2009
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
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If you are an investor or a buyer in the market for a new home or if you are a homebuilder, there may be some good news after waves and waves of bad news and then “less-bad news.” The National Association of Realtors said that pending home sales has risen with many new first time home buyers taking advantage of the affordability of housing. Pending Home Sales rose by 3.2% in March, 2009 to 84.6. This compares to 82.0 in February, 2009 and compares to 83.7 in March, 2008. This has the SPDR S&P Homebuilders (NYSE: XHB) screaming on the news.
Full Story: http://247wallst.com/2009/05/04/pending-home-sales-show-great-comfort-xhb/#more-33094
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