US Pending-Home Sales Unexpectedly Rose in July

The video discusses the media's influence on perceptions, particularly in the housing industry. It highlights recent positive trends in housing sales and mortgage applications, despite previous negative outlooks. Pending home sales have improved, and mortgage applications have risen after a significant drop, indicating a potential recovery in the housing market.

What does the media say about the housing industry?

What was the year-over-year decline percentage for pending home sales?