Wednesday, October 30, 2013

Pending Homes drops 5.6%

Pending home sales is one of the main inflation indicators in any economy sense, it measures consumers’ willingness and ability to pay their money to buy new homes and sign real estate contracts.

As high as the pending Home sales as higher the economy health, and vice versa.

Recently October 2013, pending home sales declined by 5.6% the biggest one-month decline in three years, which indicated the strong inflation in U.S. that will result  mortgages to get high, same as consumer prices, as well as the interest rates to new loans.
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