Pending home sales dip in July — Midwest fares best
Despite broader slowdown, several major metros posted notable annual gains
Despite broader slowdown, several major metros posted notable annual gains
BELLINGS Intelligence Score: 60
Why it matters
The dip in pending home sales is a key housing-market indicator that can influence Fed rate expectations and credit conditions, especially given regional variations; this data point is a monetary-policy signal relevant to credit-market professionals.
Sources
HousingWire
Pending home sales dip in July — Midwest fares best
Despite broader slowdown, several major metros posted notable annual gains