Daily Archives: March 19, 2011

Pending home sales fall 4.7 percent

WASHINGTON (AP) – A measurement of pending home sales fell to the third-lowest reading on record in May as the housing markets recovery continued to prove elusive. The National Association of Realtorsseasonally adjusted index of pending sales for existing homes fell 4.7 percent to 84.7 from an upwardly revised April reading of 88.9. The index…

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