Pending home sales fell a more than expected 4% (vs. -1% consensus), NAR says, citing mounting...

|By:, SA News Editor
Pending home sales fell a more than expected 4% (vs. -1% consensus), NAR says, citing mounting job losses and evaporating consumer confidence. NAR chief economist Yun says 2009 will depend heavily on the real-estate weighting of the much-anticipated Obama-boost.