https://www.marketwatch.com/story/pending-home-sales-drop-5-5-to-...

https://www.marketwatch.com/story/pending-home-sales-drop-5-5-to-all-time-low-in-july-f3fd624a

Pending home sales drop 5.5% to all-time low in July

Interesting and there I was thinking everything according to the "official" data was going well in the US? I guess we will see a lot more revisions to the downside soon? Maybe another million jobs that never existed? Wait though, property supply has also begun to markedly increase according to the figures, but that would mean a potential housing crash was also coming in the US?

Surely not? We were told impossible there is a housing shortage right? Don't tell me it was all a lie because if it was, does that mean its all been a lie in Australia too? No way how can that be when so many people just borrowed huge amounts of money to invest in the property bubble, I mean market right at the top. What could possibly go wrong we all know everything only goes up right?