NAR: Fewer Home Sales Pending in March

Ackerman, Andrew
May 2006
Bond Buyer;5/3/2006, Vol. 356 Issue 32373, p2
Trade Publication
The article reports on the decline of pending home sales in Washington as of March 2006. The National Association of Realtors' (NAR) pending home sales index is 6 percent below the level of 123.6 in 2005. According to NAR's chief economist David Lereah, the market has been encouraged by increasing existing home sales over the last two months but the sales data is showing a breaking effect from increasing mortgage interest rates that have been increasing since January 2006.


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