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US: Home data slide again as tax credit expires

Posted on 05 August 2010

From WSJ: A gauge of pending home sales dipped in June, continuing a decline tied to the expiration of a tax credit for home buyers. The National Association of Realtors’ pending homes sales index, a leading indicator for the housing sector, fell 2.6% to 75.7.
The measure, which was down 18.6% from its June 2009 level, tracks transactions for existing homes in which a contract has been signed but the deal has not yet closed. Closings tend to occur one or two months after a contract signing……………………………………….Full Article: Source

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