According to the National Association of Realtors (“NAR”) recent survey, pending home sales slipped to the lowest point in July since the index began tracking in 2001. The metric dipped strikingly after a sharp month-over-month increase of 4.8% marked in June. Probably the higher home prices and borrowing costs drove away potential buyers from the market.On Aug. 29, the Pending Home Sales Index (PHSI) declined 5.5% to 70.2 in July from a June reading of 74.3. The metric fell in all the regions on a month-ov ...