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Pending Home Sales Hit 2-Year High

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  • Description

    FBN’s Lori Rothman with pending home sales data for July, plus a market update.

  • Duration 0:51
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And -- I'm Lori Rothman with -- Fox Business three pending home sales rose more than expected in July.

Hitting their highest level in more than two years the number -- signed contracts.

-- previously occupied homes climbed 2.4 percent.

Pending home sales are at levels not seen since April 2010.

In the home buyer tax credit set to expire.

Meanwhile more gas fell last week despite lower interest rates Mortgage Bankers Association says application activity which includes both home purchases and -- Fell four point 3% from the previous week.

Convened -- shares under pressure after announcing another high level departure.

This time by the company's chief creative officer Mike Virginia is leading the social gaming -- to starting -- venture.

And that is related look at this from the Fox Business Network giving you this --

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