The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Travis_Bickle	10/2/2007 10:01:27 AM
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Flattened by the mortgage crunch, a forward-looking gauge of home sales fell further in August to its lowest level in more than six years, a real estate trade group said Tuesday. The pending home sales index fell 6.5% in August after dropping a revised 10.7% in July, the National Association of Realtors reported. The index is at its lowest level since its inception in 2001. Pending home sales are down 21.5% compared with a year ago and is down 22% compared with six months ago. oops ...

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