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Housing Crunch: Pending Home Sales Drop

Apr 8th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Real Estate Investments

Existing US home sales dropped in February, according a National Association of Realtors (NAR).

The NAR pending home pending home sales index, a leading indicator of existing home sales, dropped 1.9% in February. The index is down 21.4% from the February 2007 level.

There has been plenty of shrill calls for government to intervene in the housing crisis, but what can – or should – government do?

Tags: , Association Of Realtors, Existing Home Sales, Federal Reserve, House Price, House Prices, Housing Boom, Moneyweek, Nar, National Association Of Realtors, Pending Home Sales Index
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