Pending home sales declined 1.3% to a reading of 89.7 in July from a revised 90.9 in June, according to a report released Monday by the National Association of Realtors.
Economists had predicted a 1.3% drop. The June index was originally reported as a 2.4% increase to 90.9.
Year over year, the pending homes sales index is up 14.4% from last July, when it was 78.4.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
