Details of the June 2016 US pending home sales data report 27 July 2016
Prior -3.7%
0.3% vs 3.0% exp y/y. Prior 2.4%
It's a poor looking report but it's the lesser one of the three main ones so is unlikely to have a big influence on prices.
Pending sales are often used as a guide to inventory levels and the drops have been interpreted as a lack of properties for sale. If that is the case we would expect to see prices rising rapidly but that's not something we are seeing from various house price indicators.
US pending home sales y/y