U.S. Pending Home Sales Unexpectedly Tumble To Six-Month Low
rttnews·
- The National Association of Realtors reported that pending home sales in the United States unexpectedly fell by 2.3% in July to 71.2, reaching a six-month low.
- This decline follows a downwardly revised 4.8% drop in June to 72.9.
- Economists had previously anticipated a rebound with a 1.4% increase instead of the further contraction.