Pending Home Sales Down First Time in Four Months

Washington, DC, July 24, 2014 -- Pending home sales declined 1.1% June to mark the first decline in four months, according to the National Association of Realtors.

NAR's pending sales index dropped to 102.7 in June from a revised 103.8 in May. The number 100 is considered an average pace of sales.

However, the index was 7.3% below the 110.8 recorded a year ago.

                                                                                                                                                                                                             
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