An index measuring pending home sales fell 5.5 percent from March to April but was still up 14.4 percent from the same time a year ago, according to an index maintained by the National Association of Realtors.
The dip in NAR’s Pending Home Sales Index broke a three-month string of month-over-month gains, but pending sales have posted annual gains for 12 months in a row, said NAR Chief Economist Lawrence Yun.
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