Report: More bad news for housing market as pending home sales fall — again

A new year is not bringing any better news about the housing market.

Just about a week after the Florida Realtors and the National Association of Realtors announced that existing home sales continued to crater in November, the national organization says the number of sales of homes going under contract are also falling.

The latest set of data, released Dec. 28, shows pending home sales fell 4% nationally in November, the sixth straight month of month-over-month declines. Year over year, pending sales dropped by 37.8%.