Pending Home Sales Dip to Lowest Level in Three Months
U.S. pending home sales experienced a decline of 1.3% week-over-week (WoW), reaching their lowest point in three months for the four-week period ending July 19, according to new Redfin research. This decrease in homebuying interest coincides with weekly average mortgage rates climbing to an 11-month high of 6.55%. Furthee, home prices remain persistently elevated, just…