The number of people who signed contracts to buy homes fell sharply in April, hitting its lowest point since fall and renewing fears that a recovery in the housing market is far off. The National Association of Realtors said its index of sales agreements for previously occupied homes sank 11.6 percent last month.
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Full story at http://www.npr.org/2011/05/27/136712389/home-sale-contracts-fall-to-7-month-low?ft=1&f=1006
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