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NAR: Pending home sales slow in October, remain higher than a year ago

Dec 01, 2014
Pending home sales declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the National Association of REALTORS (NAR).

The Pending Home Sales Index, a forward-looking indicator based on contract signings in October, fell 1.1 percent to 104.1 from an upwardly-revised 105.3 in September. This is 2.2 percent higher than October 2013. In the Northeast, the index rose 0.5 percent to 87.9 in October, 3.4 percent above a year ago. 

To read the entire NAR press release, click here.
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