Pending Home Sales Rose 3.2%

Tuesday, May 26, 2009:

CNN Money Online.com had an interesting headline this morning.  “Pending home sales rose 3.2% in March, for the second consecutive month!”  This bears out my 39 years of land experience (including 5 recessions) that real estate sales pull out of the recession about 6-12 months before the retail and general economy. Left to work as it should, in business cycles, our free enterprise economy self-corrects appropriately, on its own – without Uncle Sam’s help.

 

- Paul Christian Breden