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home sale in gwinnett county: What Happen to April Home Sale - 05/31/11 11:39 AM
The National Association of Realtors Pending Home Sales Index dropped 11.6 percent to 81.9 in April, the lowest since September. Pending home sales lead existing home sales by a month or two.
"There may some temporary factors like bad weather in the South," said Gus Faucher, director of macroeconomics at Moody's Analytics in West Chester, Pennsylvania.
"Higher gasoline may be making potential home buyers a bit cautious. It is signaling further weakness in housing, but we do expect housing to turn around later this year. It just hasn't happened yet."
Pending home sales in the South, which was ravaged by tornadoes, … (0 comments)

 
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Eric Reid

Lawrenceville, GA

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