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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