“The amount of vacant homes in America has hit an all time high again and will contribute to pressure on those who rent their homes…”

Rosenberg: Forget The “Flat” Pending Home Sales Number, Here’s The Real Disaster.

“Pending home sales have correlated closely with actual sales closings historically.

This can be seen in the following graph. It can also be seen that this relationship has broken down in 2008 and 2009…”

via Don’t Trust Pending Home Sales Data — Seeking Alpha.