U.S. pending homes sales lower in June

Pending home sales in the U.S. slipped slightly in June but were not too far off May’s level.

The National Association of Realtors’ index fell 1.8 per cent to 110.3 in June, but is still 8.2 per cent above June 2014 (101.9).

Despite last month's decline, the index is the third highest reading of 2015 and has now increased year-over-year for 10 consecutive months.

Modest gains in the Northeast and the West were offset by larger declines in the Midwest and South. 

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