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NAR: Pending home sales slip in June nationally, remain unchanged for Northeast

Jul 29, 2013
After reaching the highest level in more than six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market, according to the National Association of REALTORS (NAR).

The Pending Home Sales Index, a forward-looking indicator based on contract signings in June, edged down 0.4 percent to 110.9. In the Northeast, the index remained unchanged at 87.2 in June, but is 12.2 percent higher than a year ago. 

To read the entire NAR press release, click here.
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