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Pending Home Sales Shock with 6.9% Collapse
Pending Home Sales Shock with 6.9% Collapse
Home sales fell in December, defying predictions that the market would rebound at the end of the year. | Economywww.breitbart.com
Pending home sales defied predictions of a rebound at year-end, falling by 3.9 percent compared with a downwardly revised November estimate, data from the National Association of Realtors showed Thursday.
Compared with a year ago, pending home sales fell 6.9 percent. Sales were down by 10 percent or more in both the Northeast and the West. Sales fell in the Midwest and the South, as well.