Drop in pending sales signals a dark future for housing, experts say

Houses under contract for sale in the U.S. have decreased the most in history and dropped to their lowest level, according to the National Association of Realtors. From April to May, the group's Pending Home Sales Index fell 30%. Experts said they expect the index to hold at the May level until fall.

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U.S. News & World Report · Bloomberg Businessweek · Builder Online

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