Thank Goodness for Hidden Miracles....
The article below just hit the wire. Can't believe we dodged such a bullet by not buying that townhouse... just think, if the HVAC in that place had been sound, we would have bought, AT THE TIPPY TOP OF THE MARKET. None of those units have sold and neither have the ones across the street, as best we can tell.... that means we would have been the only people on the block. A constant reminder that we were the only idiots who bought... Phew!
July pending home sales index falls 12.2%
WASHINGTON (MarketWatch) -- Contract signings on existing homes fell by 12.2% in July -- the largest drop since the pending homes sales index started in 2001, the National Association of Realtors reported Wednesday. The index hit its lowest level since September 2001. The index had gained 5% in June. Pending sales are 16.1% below July 2006. A decrease in pending home sales was seen in all four major regions of the United States, the group said. In July, pending sales fell 13.1% in the Midwest and 6.6% in the South. Pending sales fell 20.8% in the West and 12.2% in the Northeast.
