By Jeffry Bartash
WASHINGTON (MarketWatch)-- The pending sales index of existing U.S. homes fell 1.2% to 88.6 in August, the National Association of Realtors said Thursday. The pending sales index totaled 89.7 in July. The index's current level is 7.7% above the August 2010 level, but it's well below the pace of pending sales in a healthy economy. The biggest decline took place in the Northeast, while the Midwest and West also fell. The South was the only region to post an increase.
