Pending Home Sales Down 1.8% in July

The National Association of Realtors is reporting that pending home sales were down 1.8% in July, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell to 110.7. In addition, they report that year-over-year contract signings were also down 8.5%. They say the market may be starting to slightly cool but low inventory is still playing a part. Continue reading HERE...