Pending home sales plunged in August as 2-decade high mortgage rates continue to squeeze both buyers and sellers
Pending home sales slipped 7.1% in August in another sign of the housing market’s slump. Multi-decades high mortgage rates are keeping homebuyers out of the market. Pending home sales slipped 7.1% in August compared to July, according to the National Association of Realtors. The decline comes as mortgage rates push well above 7% this quarter,…