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US pending home sales index down at 75.7

Posted on 04 August 2010

From Moneyam.com: US pending home sales edged down with near-term sales expected to be notably lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, the National Association of Realtors said today (3 August).
The Pending Home Sales Index, a forward-looking indicator, declined 2.6% to 75.7 based on contracts signed in June from an upwardly revised level of 77.7 in May, and is 18.6% below June 2009 when it was 93.0……………………………………….Full Article: Source

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