Pending Home Sales Jump
Home sales
The National Association of Realtors reported today that its index tracking pending home sales jumped a seasonally adjusted 3.7% to read 114.1 in October, marking nine consecutive months of rising sales. Analysts had expected pending home sales to slump by 1%. Read more 
The Country’s Largest Landlord
Of all the loans that have been recast through programs designed to shore up values, 57% are now in default.
Also, 95% of all new mortgages are government guaranteed.
Not only will 2010 see home values plummet, but the government will end up owning massive numbers of homes and will become the country’s largest landlord.
Just perhaps, if the government would just let the real estate solve it’s problems, we would be at a real bottom and not approaching a second down wave.