5/8/2008

New U.S. economic data from Realtors and employers show that Americans took steps for trouble ahead. Contracts signed in March to buy existing homes decreased in the first quarter to the lowest since the National Association of Realtors created its tracking index in 2001. The index of pending home sales was 20.1% down from a year ago. Meanwhile, businesses braced for economic slowdown by cutting workers' hours.

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