May Pending Home Sales Slip 3.5 Percent – Lowest Level Since September 2001
July 3rd, 2007 • Related • Filed Under
In data just released by the National Association of Realtors, pending home sales in the United States have dropped to their lowest level since 9/11. These numbers coming at the end of the spring selling season are rough for real estate agents and sellers alike as inventory is bound to increase and pressure to lower prices will follow.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in May, fell 3.5 percent to 97.7 from a downwardly revised level of 101.2 in April. The May index is the lowest since 89.8 in September 2001. via the International Business Times -.
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
Comment by Kevin King on 4 July 2007:
Corrections in the market were bound to happen. More so in some areas than others. Average prices are up and total sales volumes down slightly while transactions are definately below last years levels. [Fort Smith, AR]