Pending Home Sales Hit Record Low in Feb

Pending Home Sales Hit Record Low in Feb 08

An industry group said Tuesday that pending U.S. home sales fell in February to the lowest
reading since the index began, signaling the housing market distress is not
yet over. The National Association of Realtors' seasonally
adjusted index of pending sales for existing homes fell to 84.6 from January's
upwardly revised reading of 86.2. The index stood at 107.6 in February 2007.....more