Pending home sales dipped for the 5th straight month in March, with the Pending Home Sales Index dropping 1.2% from February to 103.7, according to the National Association of Realtors
Pending-home sales also declined on an annual basis for the first time in 8 consecutive months, according to the National Association of Realtors
Buyer foot traffic and interest aren't translating into more contract activity
NAR's index dipped to its lowest level in a year