Pending home sales index at lowest level ever
Pending sales of existing-homes will be dampened as mortgage disruptions continue to impact the housing market, says the National Association of Realtors.
The NAR Pending Home Sales Index fell 6.5 percent to 85.5 from a revised 91.4 during July, based on contracts signed in August. It was 21.5 percent below the August 2006 index of 108.9.
The […]