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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