Thursday, March 4, 2010

National Association of Realtors reports on Pending Home Sales

NAR reported that Pending Home Sales index for contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December, but remains 12.3 percent higher than January 2009. They said the extremely bad weather in that month played a major role in the decline. The weather is also expected to impart February's numbers with a surge in activity expected in April.

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