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


http://www.marketwatch.com/news/story/index-pending-us-home-sales/story.aspx?guid=%7B0FC1AA34-8C53-4BC5-AAB4-E845EFF8084C%7D&dist=msr_1

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