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July Pending Home Sales Slip

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WASHINGTON (August 28, 2013) – Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.3 percent to 109.5 in July from 110.9 in June, but is 6.7 percent above July 2012 when it was 102.6; the data reflect contracts but not closings.  Pending sales have stayed above year-ago… Read More

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