Saturday, May 5, 2007
The West is Holding Strong
The "pending home sales index" shows weakness through most of the country. The South dropped month to month over 7% in activity. This is not the trend typical of the Spring selling season. The West is moving in the right direction at 1.6% higher than last month. We may not be rock solid, though we are at least fairly stable. Please consider that the Bay Area is weighing that average significantly.