US: Pending Home Sales Plunge Record 30 Percent in May

WASHINGTON July 1 (Reuters) - Contracts for pending sales of previously owned homes plunged a record 30 percent in May, far more than expected, after a popular tax credit expired at the end of the prior month, a survey from the National Association of Realtors showed on Thursday.The Realtors said its Pending Home Sales Index, [...] continue reading world news