NAR – Pending Home Sales Down in July, but up over 2012

national-assoc-realtors-voice-for-real-estate=logo=posted-manufactured-housing-pro-news-mhpronews-com-Mirroring the July drop in new home activity, the National Association or Realtors (NAR) reported that pending home sales dropped by 1.3% in July. The NAR said that even with the drop, July was up 6.7% from the same month in 2012. Marketwatch tells MHProNews that “By region, pending home sales in July fell 6.5% in the Northeast, 4.9% in the West and 1% in the Midwest. Meanwhile, pending sales rose 2.6% in the South.” NAR considers a sale listed as pending when the contract is signed. Sales are normally finalized one or two months of signing. ##


(Image Credit: NAR Logo)

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