Pending Home Sales Climb Unexpectedly

"The National Association of Realtors' index of pending home sales climbed an unexpected 0.6%, the second month in a row the number has increased, it said Monday. The latest figure, which measures contracts signed in October, confounded economists' forecasts of a 1% drop." Article

As the bottom falls out, some search for that silver lining. I expect that those that understand and are able to see a genuine deal are taking advantage of the current free for all that the media continues to talk about. You will not hear about this article on the 10 o'clock news, instead you will hear the media's gloom and doom about foreclosures. Well sadly enough foreclosures are a reality and sometimes are good deals, some are not. I continue to watch the market struggle to find an identity, and yet still think it will be a long time before we have our feet under us. Just keep watching and if you come across something you cant pass up dont.

Artwork by Carlos Amorales

Came across this Artist currently exhibiting in Miami in Pieces. This Mexican Artist Born in Mexico City and currently resides in Amsterdam. I was first attracted to this first piece by the color, and subtle shifts in shadow. I liked the Aesthetic part of it. After looking a little deeper i came across these other images. Check it out.

Lennar fire sells billion dollar real estate portfolio 40 cents on the Dollar

Lennar Homes

Although Lennar homes sold there portfolio for 40 cents on the dollar, this i see as a positive. If there are big companies like Morgan Stanley willing to jump back into the market at a discount, it shows a bottom might have been reached. So check out the article and see for yourself.