Pending home sales index off 1.9% in February: NAR

WASHINGTON (MarketWatch) -- In a sign that the U.S. housing market may weaken further, an index of sales contracts on previously owned homes fell 1.9% in February from the prior month, the National Association of Realtors reported Tuesday.
The index, considered a leading indicator of existing home sales, was down 21.4% from the February 2007 level.

Link to the story by By Ruth Mantell, MarketWatch


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