This week’s economic indicators from the National Association of Realtors are not surprising:

  • Mortgage applications are down
  • Consumer Confidence is down from previous month to 53
  • Pending sales are down, due to the conclusion of the home buyer tax incentives

The house and senate passed an extension so that currently pending sales may close later and still qualify for the home buyer tax credit.

[slideshare id=4667241&doc=economicindicators0628-0702-100702100129-phpapp02]

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