(Published on - 7/31/2018 1:55:54 PM)
With an 0.9 percent gain month-over-month, June pending sales slightly sparked, according to the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI)—but, on an annual basis, contracts still underwhelmed, down 2.5 percent.
From May to June, activity increased in all of the regions in the U.S.: 0.5 percent in the Midwest; 1.4 percent in the Northeast; 1.1 percent in the South; and 0.7 percent in the West. However—in line with the nation’s overall trend—activity was subdued year-over-year, down 2.1 percent in the Midwest, 4.1 percent in the Northeast, 0.3 percent in the South, and 5.6 percent in the West.
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