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Loan Modification

: Mortgage Lender Implode-o-Meter

Existing Home Sales ? Lying Is a Time Honored Sales Tactic

By Implode-Explode Heavy Industries

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``Sales were down 8.5% month to month. The seasonal hocus pocus is particularly misleading this month because sales were already extremely depressed for this time of year. The fact is that the market is getting worse. Volume was 379k in September, down from 414k in August. This compares with 498k in August 2009, and 468k in September 2009. Sales are down 19% y/y. This is the worst September in at least the last 10 years.''

Full post as published by Mortgage Lender Implode-o-Meter on October 25, 2010 (boomark / email).

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