Pending Home Sales Slide 7.7%

March 3, 2009 by · Leave a Comment 

The latest pending home sales report showed continued weakness in the U.S. housing sector, with sales down much more than expected. The National Association of Realtors revealed Tuesday morning that pending home sales fell 7.7% in January, after unexpectedly rebounding in December. Economists were expecting a 3.5% decline in the month. December’s gain was also [...]