Existing Home Sales Miss, Drop To Lowest Level Since November, Order Cancellations Surge

| July 20, 2011

It’s the new normal, and it’s going to be here a while….. NAR: With job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals….And proposals being considered in Washington could effectively put more restrictions on lending.  An unprecedented 16% cancelled contracts in June. According to the NAR, June existing home sales […]

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