Pending Home Sales Fell 4.6 Percent in September

And thank you for all your help over the phone. I heard in my area that homes that are in the 120k range are rising in value, but those homes over 400K are losing value, some to the tune of 10% which is quite a bit. I think this just means that investor homes are still out there for us to buy in this down economy.

you are correct. There's always money to be made; you just have to find the right niche, the right stategy, the right marketing program and the right exit point.

So how does that correlate with the rise in new home sales for September? Is there a difference between "existing home sales" and "pending home sales"?

Is anyone having any luck working with brokers, presenting low ball offers? I've worked with 3 brokers so far, working for me as BUYERS AGENT PRESENTING low ball offers with no success. I made over 200 offers to motivated sellers with probates, motivated sellers, 90 days on market, making offers to motivated sellers,and sellers are not accepting, or even countering anywhere near my offers. My brokers are telling me, that other brokers are laughing, thinking i'm crazy making these low ball ball offers. Some brokers don't even respond to my broker. The brokers i have used come on board quick, working for me, but after making 200 offers or more, they give up on me. Beginning to think, the broker stratergy is not a good idea out here in RI, AND MA. Any advice would be appreciated?

yes there is a difference. New home sales come from builders which are new homes and pending home sales are from Realtors and are usually previously owned homes. The correlation is this: Builders through their new home sales, are trying to get rid of their homes as quick as possible because they don't want to be holding their homes anymore in this poor economy.....pending home sales are declining because ordinary people don't want to buy homes in this poor economy. I surmise that this type of action will continue at least until Spring 2012.

I think I would start a new thread for your question. Go to the forums, and find which forum your question best fits under. It is easier to get answers when you stay on an original topic.

Bill...i know the difference between new and existing....I was wondering about existing and pending.

homes that have sold in the secondary market that haven't gone to closing. Some of those pendings will never get to the closing stage because of appraisals or credit issues.