Pending Home Sales Go South

CNN news reported more bad news today with regards to real estate sales in the USA. They said that pending home sales in August 2007 were the lowest on record nationwide. That means that home prices should continue to fall, at least somewhat during the next few months. Sellers are going to have to lower their asking prices, if they want to make a deal, and buyers are in the best position in many years to strike a deal which they will one day be glad they made.