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Lawrence Yun, NAR chief economist, said there are several reasons for the decline in pending sales.
NAR is currently accepting applications for the 2019 Good Neighbor Awards from Realtors® who have made an extraordinary impact through volunteer service.
New tax guidelines will allow real estate professionals to benefit from the Section 199A 20 percent pass-through deduction.
Current housing numbers are partly a result of higher interest rates during much of 2018.
Among those polled, approximately 75% of non-homeowners reported that homeownership is part of their American Dream; 43% said cost was why they didn't yet own a home.