Industry News

NAR pending sales index nears 6-year low

Group's economist says 'mortgage disruptions' play a role
Published on Sep 5, 2007

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by CareyBot

An index that measures pending sales of resale homes dropped in July to its lowest level since September 2001, the National Association of Realtors reported today. The Pending Home Sale Index, which is based on signed contracts for transactions that ...

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