Pending Home Sales Decline 2.5% in July

WASHINGTON (August 29, 2019) – Pending home sales fell in July, reversing course on two consecutive months of gains, according to the National Association of Realtors®. Of the four major regions, each reported a drop in contract activity, although the greatest decline came in the West. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based…