US Pending Home Sales Index Hits Lowest Level Ever
By Naveen Athrappully A gauge measuring pending home sales activity fell to the lowest level in more than two decades last month amid an environment of high mortgage rates and political uncertainty, according to the National Association of Realtors (NAR). Pending home sales declined 5.5 percent in July, with all four U.S. regions—Northeast, Midwest, South, […]
By Naveen Athrappully A gauge measuring pending home sales activity fell to the lowest level in more than two decades last month amid an environment of high mortgage rates and political uncertainty, according to the National Association of Realtors (NAR). Pending home sales declined 5.5 percent in July, with all four U.S. regions—Northeast, Midwest, South, and West—reporting monthly…
