2
Jun
Existing Home Sales Take Huge Drop
The National Association of Realtors recently reported that contracts signed to buy existing homes dropped down month over month by 11.6%. This means that the number of homes expected to close..the best predictor of the future health of the real estate market…are showing very dire signs.
Year over Year (April 2010 vs April 2011) pending home sales are down 26.5%. Anyone still need proof that real estate is in a double dip? Read more 