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Pending home sales down 0.04% in June

Monday, 29 Jul 2013 | 10:03 AM ET

The measure of home sales contracts signed but not yet closed slipped a bit last month but is still up nearly eleven percent from a year ago, reports CNBC's Carl Quintanilla. Michael Fredericks, BlackRock, and John Lonski, Moody's Capital Markets, provide their take on where to invest in this market.