Pending Home Sales Plummet; Tight Credit Blamed
admin2011-05-27T16:46:17-07:00May 27, 2011 (Jeff Alan) Pending home sales dropped 11.6 percent to 81.9 in April from an already downwardly revised 92.6 in March according to the National Association of Realtors (NAR). Lawrence Yun, NAR’s chief economist blames tight credit as the primary long term factor holding the market back. Read more...