Pending Home Sales Index Declines

The National Association of Realtors reports the Pending Home Sales Index, which is based on contracts signed in February is at 109.3, down 8.5 percent from February 2006. David Lereah, the chief economist for NAR, attributese this decline to unusually bad weather in February and the problems in the subprime market. Read the full story…

For updates on Ludlow real estate market, visit my website or give me a call at 800-659-1819 #103.

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