Pending home sales down on tight credit and economic slowdown
Nov 8th, 2008 | By Gregory Arzumanov | Category: South RegionORLANDO, Fla. Nov. 7, 2008 Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors (NAR).
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, declined 4.6 percent to 89.2 from [...]