Archive for January 8th, 2008

NAR: Timing of housing recovery still ‘uncertain’

Tuesday, January 8th, 2008

The National Association of Realtors today reported that its forward-looking indicator of existing-home sales fell in November, adding that the “exact timing and the strength of a home sales recovery is a bit uncertain.”

NAR’s Pending Home Sales Index, based on sales contracts signed in November, dropped 2.6 percent from October’s level and was down 19.2 percent from a year ago.

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