Pending sales of existing US homes fell in July

Pending sales of existing US homes fell in July

Pending sales of existing U.S. homes fell in July from June in the latest sign of weakness in the housing industry, data from a real estate trade group showed on Monday.

The National Association of Realtors Pending Home Sales Index, based on contracts signed in July, was down 1.3 percent to 89.7 from 90.9 in June.

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http://www.msnbc.msn.com/id/44313408/ns/business-real_estate/

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