Housing market slows down for second straight month
The housing market may be cooling down as pending home sales fell for a second straight month.
News 12 Staff
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Aug 31, 2021, 11:39 AM
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Updated 967 days ago
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2h agoThe housing market may be cooling down as pending home sales fell for a second straight month.
The Pending Home Sales Index slipped 1.8% in July.
That's the lowest since April, according to the National Association of Realtors.
Total housing inventory increased for a sixth straight month in July climbing 7.3% to 1.32 million units. But inventories were still 12% below the year-ago level of 1.5 million.
