Positive Pending Home Sales Report Missing from Headlines
I had a busy day yesterday so I didn’t have a chance to see the pending home sales report from the National Association of Realtors when it was released. The Wall Street Journal had the following on the front page of yesterday’s paper: “Headline: Pending Home Sales Seen Lower in June. The National Association of Realtors is expected to say that pending home sales fell in June but less steeply than in May.”

As it turned out, the report was a positive surprise. I thought positive surprises were supposed to merit thoughtful news coverage.
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