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Thursday, March 27, 2014

Contracts to buy homes fall for 8th straight month by Josh Boak, The Associated Press

Inventory has been increasing for the number of homes on the MLS. Sales have slowed a little here in Central Florida so the slight decrese in prices in not seasonal.

Gene Hoffman

WASHINGTON (AP) — The number of Americans who signed contracts to buy homes fell for the eighth straight month in February, a sign of slow real estate sales over the next few months.

 The National Association of Realtors says its seasonally adjusted pending home sales index dropped 0.8% to 93.9. The index has fallen 10.5% over the past 12 months.

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