prices: Pending Home Sales Fall For Second Straight Month - 02/28/11 05:27 AM
Pending Home Sales Fall For Second Straight Month  WASHINGTON -Pending home sales fell in January, the second straight monthly decline, a real estate trade group reported Monday. The pending home sales index fell 2.8% in January, close to market expectations, the National Association of Realtorssaid. However, sales in December were much weaker than first thought. Sales in December were revised sharply lower to a fall of 3.2% versus the prior estimate of a 2% increase. The index is 1.5% below January 2010 but 20.6% above the trough hit last June after the homebuyer tax creditexpired. Pending homes sales fell in the … (0 comments)