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US housing market takes turn for the worse

Posted on 01 June 2012

Just when you thought the U.S. housing market was getting up off the canvass, along comes a one-two punch that threatens to put homeowners down for the count.
First comes new data from the National Association of Realtors which shows pending home sales falling 5.5% in April. The decline includes a downward revision to March numbers, leaving the pendig home sales index measure at 95.5, still 12 points better than the April 2011 pending home sales activity………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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