Pending home sales dipped in April

NAR: Housing still on track for 'best performance since 2007'

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.