Pending home sales drop 2%

Econ & Housing, The Daily Buzz

WASHINGTON  — Pending home sales sagged for the third straight month in August, according to the National Association of Realtors. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted double-digit declines. The Pending Home Sales Index (PHSI), a forward-looking indicator of…

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