Tags: pending | home | sales | drop

Signed Contracts to Buy US Homes Decline

Wednesday, 27 Mar 2013 10:15 AM

A measure of Americans who signed contracts to buy homes fell in February.

The National Association of Realtors says its seasonally adjusted index for pending home sales fell to 104.8 in February. That's down from 105.2 in January, which was the highest reading since April 2010, when a homebuyer's tax credit was boosting sales.

There is generally a one- to two-month lag between a signed contract and a completed sale.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Economy
A measure of Americans who signed contracts to buy homes fell in February.
pending,home,sales,drop
70
2013-15-27
Wednesday, 27 Mar 2013 10:15 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved