BREAKING NEWS Pending US Home Sales Plunge More Than Expected in April, Hitting Seven-Month Low (Story Developing) DOWN 12%, to 7 month lows!! No need to worry as this will only force Bubble ben bernanke to push forward with QE3.... Relax and continue to buy equities, this market is going higher with more trillions being pushed into the system. Breaking News Pending Home Sales Plunge, Reaching Seven-Month Low Reuters | May 27, 2011 | 10:06 AM EDT Pending sales of existing U.S. homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market. The National Association of Realtors Pending Home Sales Index dropped 11.6 percent to 81.9 in April, the lowest since September. Pending home sales lead existing home sales by a month or two. Economists polled by Reuters had expected pending home sales to fall 1.0 percent.