Friday, February 03, 2006

Pending Home Sales Index Down

The Pending Home Sales Index of the National Association of Realtors® (NAR) for the month of December, 2005 was down 3% from November. This index measures the number of pending sales for existing homes (not new homes). The trend over the past year has been steading down since the high in August. The NAR cites rising interest rates as having an affect on the market.

To read more: Pending Home Sales Index

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