Thursday, March 28, 2013

Bloomberg: 'Pending sales of U.S. existing homes decline 0.4%'

From Bloomberg News:
Americans signed fewer contracts to buy previously owned homes in February, indicating a pause in momentum for an industry that is helping power the economy.

An index of pending home sales fell 0.4 percent to 104.8, the second-highest level since April 2010, after a revised 3.8 percent increase the prior month, the National Association of Realtors reported today in Washington. Contract signings, unadjusted for seasonal variations, increased 5 percent from February 2012.
Hopefully, it's just a blip.

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