U.S. Pending Home Sales Fall 4.7% in May

U.S. pending home sales resumed their decline in May, falling 4.7% in the month after an upwardly revised 7.1% bounce in April, according to the National Association of Realtors. April's rebound was originally reported as a 6.3% gain. The consensus was expecting the PHSI to fall by 2.5% in the month, ...