Pending home sales fell 20% in June versus a year earlier as mortgage rates soared

Econ & Housing

A “Sale Pending” sign outside a house in Discovery Bay, California, on Thursday, March 31, 2022.David Paul Morris | Bloomberg | Getty ImagesSigned contracts to purchase existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday.That is the slowest pace since September 2011, with…

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