Pending home sales fall as economic uncertainty remains

Regionally, pending home sales fell month-over-month in the Northeast (58.2) and South (85.3), dropping 5.7% and 4.5%, respectively. In contrast, pending home sales rose on a monthly basis in the Midwest (71.0) and West (57.9), rising 5.0% and 4.3%, respectively.

Year-over-year, pending home sales were down in the Northeast (-8.3%) and Midwest (-3.3%), but up in the south (4.0%) and…