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Pending Home Sales Drop Again in July

Mortgage News > Pending Home Sales Drop Again in July
Date: 09/04/2018    Pending Home Sales Drop Again in July

Pending U.S. home sales, an indicator of future closed sales, fell 0.7% in July from the previous month, according to the National Association of Realtors. Compared with the year before, pending home sales were down 2.3%, marking the seventh consecutive month of year-over-year declines. Home sales have been held back by a dwindling supply of housing inventory and the resulting rise in prices.

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