Housing recovery loses a step as pending home sales fall

By means of Jason Lange WASHINGTON (Reuters) – Contracts to buy in the past owned U.S. houses fell for the second straight month in July, a sign that rising loan charges are taking the steam out of The usa's housing market recovery. The Nationwide Association of Realtors mentioned on Wednesday its Pending Homes Sales Index, based on contracts signed closing month, reduced 1.3 p.c to 109.5. That was once a steeper decline than most analysts had expected, and could provoke brought caution at the U.S. Federal Reserve over plans to reduce a bond-buying financial stimulus application. …