Homes under contract flat in January but remain near record low, showing continued weakness in market.
The number of homes under contract for sale was unchanged in January, leaving that measure of the battered real estate market just barely above the record low, according to the latest reading from the National Association of Realtors.
The Realtors' Pending Home Sales Index came in at 85.9 in the month, the same as in December, which was the second-lowest reading on record.
The worst came last August at a revised reading of 85.8. That was when a collapse in the market for mortgage-backed securities put a squeeze on financing available for prospective home buyers.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment