U.S. Pending Home Sales Fall Much More Than Expected In April

With unusual weather and economic softness adding to ongoing problems in the
housing market, the National Association of Realtors released a report
on Friday showing a Much steeper Than Expected drop in Pending Home Sales in April.

NAR said its Pending Home Sales index plunged by 11.6 percent in April following a downwardly revised 3.5 percent increase in March. Economists had Expected Pending Sales to edge down by 1 percent compared to the 5.1 percent increase originally reported for the previous month.

With unusual weather and economic softness adding to ongoing problems in
the housing market, the National Association of Realtors released a
report on Friday showing a Much steeper Than Expected drop in Pending Home Sales in April. (Market News Provided by RTTNews
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