Pending home sales sink as the housing market falls back to Earth
The numbers: An indicator of existing-home sales fell in April, suggesting that the housing market could be cooling in the face of high home prices.
Pending home sales dropped 4.4{911ea05452e114f1778c76ca86733b6032c246f8f651bb1f01d12abf04b54efb} in April compared with March, the National Association of Realtors reported this week.
On an annual basis pending home