Tuesday, April 8, 2008

Realtors: Pending home sales at record low in February

"An index of homes under contract for sale fell more than expected in February, reaching the lowest level since the index's 2001 debut, according to a report released Tuesday.

The National Association of Realtors' (NAR) Pending Home Sales Index fell to 84.6 in February, down 1.9% from a revised reading of 86.2 in January and down 21.4% versus the same period last year."

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Realtors: Pending home sales at record low in February

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