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Pending Home Sales Take Giant Plunge

Experts recommend buying a house immediately

By Kevin Spak, Newser Staff

Posted Jan 8, 2008 12:25 PM CST

(Newser) – Pending home sales fell 2.6% in November from a revised 3.7% October gain, Bloomberg reports, far outstripping the 0.7% fall analysts predicted after an originally reported 0.6% October gain. The figures support Henry Paulson’s gloomy outlook on the housing market.... Read full story »

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Pending Home Sales Take Giant Plunge

Experts recommend buying a house immediately

Henry Paulson • home resales • borrowers • housing crisis

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More Newser Stories

Paulson Calls for More Housing Relief

Treasury secretary suggests aid for prime-rate borrowers

Homeowners Need Bailout, Too: FDIC Chief

Regulator clashes with Paulson, Bernanke over relief for lenders

Pressure Mounts for a Freddie, Fannie Bailout

Investors want Treasury to take the lead on mortgage giants sooner rather than later

TV Home Shows Boom During Bust

'People loved comedies during the Depression, too,' producer says

First Tax Rebates Go Out Monday

Paulson happy to be ahead of schedule

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