US pending home sales fell 5.5% month-over-month in July against expectations of a 0.2% growth, according to the National Association of Realtors (NAR). In addition, contract signings declined in all four US regions in the month.

Catalysts anchors Brad Smith and Alexandra Canal break down the latest developments for the housing market and take a dive deep into the numbers.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino