U.S. pending-home sales fell in June by 8.6%, according to the National Association of Realtors.
The numbers: U.S. pending-home sales fell in June by 8.6%, according to the monthly index released Wednesday by the National Association of Realtors.The drop in pending home sales is the biggest since the depths of the pandemic in April and... The numbers: U.S. pending-home sales fell in June by 8.6%, according to the monthly index released Wednesday by the National Association of Realtors.The drop in pending home sales is the biggest since the depths of the pandemic in April and March 2020.
Big picture: Potential homebuyers are likely sitting on the sidelines, amid recession fears, high inflation, and higher mortgage rates.
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