Sales of existing homes – Piggington's Econo-Almanac

February 27, 2007 at 9:08 AM #46353

Participant

Sales of existing homes jump:

http://www.breitbart.com/news/2007/02/27/D8NI4NIG0.html

This seems consistent with my casual observations of homes around me in coastal north county (encinitas, carlsbad). It seems that many have gone pending in the last 4-6 weeks.

Dead cat bounce? Micro rally? Whatever, there is some buying going on.