The following article by Ruth Mantell was posted by MarketWatch:
WASHINGTON (MarketWatch) -- An index of sales contracts on previously owned U.S. homes rose 6.3% in April from the prior month, the National Association of Realtors reported Monday. The index, which is considered a leading indicator of existing home sales, was down 13.1% from the April 2007 level. By region, the April pending home sales index fell only in the Northeast, with a 1.9% decline. The index rose 13.0% in the Midwest, 8.3% in the West and 4.6% in the South.
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