Pending existing home sales for feb 07

NAR just released pending existing home sales data for Feb, http://www.realtor.org/rmodaily.nsf/pages/News2007040301 Home sales were up 0.7% which while not the greatest increase ever seen is a step in the right direction. NAR claims it would have been better but poor weather dampened sales. The question is when will the sub-prime fiasco impact these figures and how bad will it be.

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