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Economics - Pending home sales tumble in May (Reuters)
<p><a href=http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080708/bs_nm/usa_economy_homes_dc><img src=http://d.yimg.com/us.yimg.com/p/nm/20080708/2008_07_08t101442_450x306_us_usa_economy_homes.jpg?x=130&y=88&q=85&sig=2qbiFgnUTgYMvSNoT80QHQ-- align=left height=88 width=130 alt=Rain clouds gather behind a sign advertising a new housing development in Manchester, northern England, July 8, 2008. (Phil Noble/Reuters) border=0 /></a>Reuters - Pending sales of previously owned U.S. homes plummeted by 4.7 percent in May, far more than expected and a sign of more trouble ahead for the beleaguered housing market, a real estate trade group report showed on Tuesday.</p><br clear=all/>...full article

Posted on Tuesday, July 08, 2008 (Archive on Tuesday, July 15, 2008)
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