December 9, 2008
Pending Home Sales Take A 0.7% Tumble
By Matthew L. Brown
The National Association of Realtors' index of pending home sales was down 0.7 percent in October compared to the previous month.
The index tracks sales of previously-owned homes and was down 1 percent compared to the same month a year ago.
The association reported a 0.6 percent gain in the index for the Northeast and a 7.8 percent gain in the South, but other regions saw declines between 4.3 percent and 8.7 percent.
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