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NAR: Pending home sales fall nationally and in Northeast

Jan 31, 2014
Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S., according to the National Association of REALTORS (NAR). Declines were experienced in all four major regions. 

The Pending Home Sales Index, a forward-looking indicator based on contract signings in December, fell 8.7 percent to 92.4. In the Northeast, the index dropped 10.3 percent to 74.1 in December, and is 5.5 percent below a year ago.

To read the entire NAR press release, click here.
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