And then the numbers come out and prove that they're discredited monkeys that nobody believes anymore (except idiots in the MSM of course who allow them to spin unchecked)
Pending home sales at record low - Realtors report shows sharp drop in homes under contract, as mortgage lenders shut off financing needed to close deals.
The meltdown in the mortgage market in August dried up the supply of buyers for homeowners looking to sell their homes, as an industry group report showed the lowest level of homes under contract on record.
"Fewer contracts were being written because of mortgage availability issues, and a separate internal survey of our members shows more than 10 percent of sales contracts fell through at the last moment in August, primarily the result of canceled loan commitments," said a statement from Lawrence Yun, senior economist for the group. "The volume of activity we're seeing today is below sustainable market fundamentals because some creditworthy people are trying to buy homes but can't because of the credit crunch."