Pending Home Sales Down but Higher than 2012

Washington, DC, Aug. 28, 2013 -- Pending home sales fell 1.3% in July, a second month of declines, according to the National Association of Realtors.

Rising mortgage rates were blamed for the decrease.

Nevertheless, pending sales were still up 6.7% from a year ago.

                                                                                                                                                                                                                                                                                                                                                                                                                             
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