Feb. Pending Home Sales Dip

Investor's Business Daily
March 2013
Investors Business Daily;3/28/2013, pA01
5 Existing-home sales contracts signed fell 0.4% after rising to their highest level in nearly 3 years in Jan. Lean inventories are limiting home sales, the Nat'l Association of Realtors argued. But pending home sales rose 8.4% vs. a year earlier. Meanwhile, loan applications for buying a home shot up 7% in the latest week, the Mortgage Bankers Association said.


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