Relevant:
- Pending Sales of U.S. Existing Homes Drop for Fifth Month
- Home sales unexpectedly fell in April despite a big drop in mortgage rates
- Pending home sales drop to lowest in a year, down in January
- Pending Sales of U.S. Homes Fell More Than Forecast
- Pending Sales of Existing Homes in U.S. Decreased 4.3%
2010-07-01 — usatoday.com
The number of buyers who signed contracts to purchase homes tumbled 30% in May, as low mortgage rates do little to motivate home buyers.
The National Association of Realtors said Thursday its seasonally adjusted index of sales agreements for previously occupied homes fell to 77.6 from 110.9. May's reading was the lowest dating back to 2001.
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