NAR: Pending home sales slip in June

After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of REALTORS (NAR). The Pending Home Sales Index, a forward-looking indicator based on contract signings in June, fell 1.1 percent to 102.7. In the Northeast, the index fell 2.9 percent to 83.8 in June, 3.2 percent below a year ago.

To read the entire NAR press release, click here.