Industry News

Pending real estate sales index lowest since 2001

South sees largest year-over-year decline in May
Published on Jul 3, 2007

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by CareyBot

In May, an index that gauges pending existing-home sales dropped to its lowest monthly level since Sept. 2001, the National Association of Realtors trade group reported, and fell 13.3 percent compared to May 2006. The Pending Home Sales Index, which ...