standpoint

Still Hanging Around

Here’s a link to listen to an Audio Version of the report: 

 
With all three major indices sitting right at important junctures from a chart standpoint, it is interesting to note that there isn’t much of a battle going on between our two teams right now.

The problem with all this, from the standpoint of an investor or prospective homebuyer, is that pending home sales, by definition, are not closed sales.

They are pending and may yet fall out of escrow. In the present economy, that is a likely possibility that must be considered.