NAR: Housing Cycle May Be Near The Bottom
Pending home sales fell 1% in July, the second straight monthly decline and eighth in nine months.
Pending home sales fell 1% in July, the second straight monthly decline and eighth in nine months.
The Pending Home Sales Index (PHSI) dipped 8.6% to 91.0 for the month of June.
Year-over-year, contract activity slid in all four major regions.