【World Property Journal】Pending Home Sales in U.S. Slip in April
According to the National Association of Realtors, U.S. pending home sales declined in April 2019, a modest change from the growth seen a month before. Only one of the four major regions - the Midwest - experienced growth, while the remaining three regions reported a drop in their respective contract activity.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making this the 16th straight month of annual decreases.