July pending home sales -0.4% monthly vs. +0.3% estimated

David, pending home sales in July dropped 0.4% from June and were 0.7% higher from July of last year. According to the realtors, the street was looking for a tiny gain of.3%. So, let's just call it even.Now, this count is based on signed contracts. So, people out inking deals in July when the average rate on the 30-year fixed was moving higher. You can see it began falling in August, but that is not reflected in these numbers.Regionally, sales dropped monthtomonth in the Northeast and Midwest. They were fla ...