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In this Tuesday, July 23, 2013, photo, a sold sign hangs outside a home in Mt. Lebanon, Pa. The National Association of Realtors reports on a measure of the number of Americans who signed contracts to buy homes in July on Wednesday, Aug. 28, 2013. (AP Photo/Gene J. Puskar)

Pending sales of U.S. homes slip but remain solid

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By CHRISTOPHER S. RUGABER

AP Economics Writer

WASHINGTON (AP) -- Fewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6 1/2-year high. The modest decline suggests higher mortgage rates have yet to sharply slow sales.

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