Housing really sucks/Confidence picks up

April contract signings of existing homes fell a sharp 11.6% m/o/m, well more than expectations of a drop of just 1%. The Pending Home Sale index is at the lowest since Sept and is down 26.5% y/o/y from the tax credit induced spurt last year. The Northeast eked out a small gain but the sales [...]

Ana Ivanovi Jessica Cauffiel Emmanuelle Vaugier Sarah Silverman Larissa Meek