Pending Home Sales fell 3.2% in July vs. June, and -6.8% vs. last year - worse than the -2.1%...

|By:, SA News Editor
Pending Home Sales fell 3.2% in July vs. June, and -6.8% vs. last year - worse than the -2.1% consensus. The drop indicates that the U.S. housing market may continue to weaken over the coming months.