Pending home sales retreated in June on both a monthly and annual basis, driven down by mortgage rates climbing to a 10-month high and home prices setting a new record. Contract signings plunged 5.4% compared to May and ticked down 0.3% from a year ago, according to the National Association of Realtors® Pending Home Sales report released Thursday.The month-over-month pullback was recorded across …
Pending Home Sales Plunge 5.4% in June as Prices Surge to Record High
