Mortgage And Real Estate News

Thursday, March 27, 2014

Pending Sales of Existing Homes in U.S. Decline for Eighth Month - Bloomberg



Contracts to purchase previously owned U.S. homes unexpectedly fell in February for an eighth straight month, a sign of further weakness in the industry.

The index of pending home sales decreased 0.8 percent after a 0.2 percent drop the prior month that was previously reported as a gain, figures from the National Association of Realtors showed today in Washington. The median forecast of 39 economists surveyed by Bloomberg called for a 0.2 percent rise.

Read more...Pending Sales of Existing Homes in U.S. Decline for Eighth Month - Bloomberg

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