Wednesday, June 18, 2008

Pending Resales of U.S. Houses Probably Decreased in August

Bloomberg (06/09/08); Schlisserman, Courtney
Economists polled by Bloomberg News expect the pending home sales index to have fallen a median of 0.5 percent in April, following a decrease of 1 percent the prior month. They point to home-price declines, rising mortgage rates and foreclosures, higher unemployment and a weak employment market for the ongoing housing slump. The April pending home sales index will be released by the National Association of Realtors on June 9.

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