Pending Home Sales Sink 2.6 Percent In June To New Low
Posted By thestatedtruth.com on August 4, 2010
Contracts for pending sales of previously owned U.S. homes fell to a record low in June as buyers sat on the sidelines, a survey from the National Association of Realtors showed on Tuesday.
The June decline followed a 30 percent drop in May after a popular tax credit expired at the end of April. The index was 18.6 percent lower than in June 2009.
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