Pending Sales of Existing Homes Fell to Record Low, Sinking 4 Percent in Nov. from Oct.
The National Association of Realtors says pending home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to put their purchases on hold. The trade group said Tuesday its seasonally adjusted index of pending sales for existing homes fell 4 percent to 82.3 from a downwardly revised October reading of 85.7 in October. That's worse than the reading of 88 that economists expected, according to a survey by Thomson... Full Story
Contribute | Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
4 Comments | Add Yours
