Existing Home Sales Skyrocket with No Need for the ‘R’ Word
Posted by Matt Kanoudi on
When corporate leaders seek to communicate good news on their company’s performance, they frequently reach for the ‘R’ word: “robust.” Sales are robust; production is robust; future prospects are robust, etc. The ‘R’ word performs the near-miraculous feat of conveying strength, energy, and accomplishment —all without having to come up with specifics.
Especially in earnings guidance season, you see the ‘R’ word a lot.
So it was surprising that last week’s widely quoted tidings about existing home sales (which were very good tidings, indeed) included the ‘R’ word at all. The news—at least as cited by The World Property Journal—hardly needed the vocabulary assist. The details alone were astonishingly favorable. “U.S. Home Sales Spike in August, Highest…
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