A “sale pending” sign in front of a home for sale in San Rafael, Calif., in November 2011. Justin Sullivan/Getty Images
An Aug. 28 report from the National Association of Realtors (NAR) showed that U.S. home sales fell by 0.4 percent in July, a larger decline than the consensus estimate of 0.1 percent.
The Northeast experienced the biggest month-over-month decrease at 0.6 percent, followed by the Midwest at 0.4 percent. The South remained flat, falling by just 0.1 percent. Only the West saw gains, with a 3.7 percent month-over-month uptick.
