Industry News

Pending Home Sales Index falls 24%

NAR forecasts 4.8% drop in existing-home sales in '08
Published on Feb 7, 2008

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by CareyBot

An index that gauges pending sales of previously owned homes dropped 24.2 percent in December 2007 compared to December 2007, the National Association of Realtors reported, and the group expects sales to drop 4.8 percent this year compared to last ...