This transcript is generated by automated closed captioning, has not been edited, and may not be entirely accurate.
Wed 25 Jan 12 | 10:00 AM ET
Pending home sales index fell 3.5% in December. This after reaching a 19-month high in November. remember, this is based on contracts signed to buy existing homes, not closings. the realtors say contract failures remain an issue. well over one-third of realtors reporting contract cancellations. that said, the index fell 3.1% in the northeast. up 4% in the midwest. down 2.6% in the south. and a big drop out west, down 11%. those are all month to month. the pending home sales index, though, still higher than a year ago. again, pending home sales contrac...
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