【NAR】Pending Home Sales Fell 8.6% in June

• Pending home sales declined 8.6% from May as escalating mortgage rates and housing prices impacted potential buyers.
• Pending sales retreated in all four major regions, with the West experiencing the largest monthly decline.
• Compared to the previous year, contract signings dropped by double digits in each region as pending sales in the West were down by nearly a third.

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