Pending Home Sales Descend 3.9% in April

Key Highlights:
• Pending sales slid for the sixth consecutive month, down 3.9% in April from March.
• Pending sales rose in the Midwest and fell in the other three regions.
• Compared to the prior year, pending sales dropped for the eleventh consecutive month, with a 9.1% year-over-year drop and a decline in all regions.
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