Summary
WASHINGTON, June 1 /U.S. Newswire/ -- Pending home sales, the leading indicator for the housing sector, are continuing to ease, according to the National Association of Realtors(r).
The Pending Home Sales Index,(a) based on contracts signed in April, fell 3.7 percent to a level of 111.8 from an index of 116.1 in March, and is 11.7 percent below April 2005. This marks the third consecutive monthly decline.See the full content of this document
Extract
Index Based On Pending Home Sales Slides - Nar
The index is based on pending sales of existing homes. A sale is listed as pending when the contract has been signed and the tr...
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