Current Market Conditions
Posted on January 10th, 2009 by Jennifer Davis
Along with many other housing indicators this past month, the
National Association of Realtors’ Pending Home Sales Index has shown a
decline for November.
This comes as no surprise to many analysts — as buyers face an ailing credit market and increased unemployment.
Lawrence Yun, NAR chief economist, said a weakening was
inevitable. “Mounting job losses and very weak consumer [...]
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