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Pending Home Sales Stall in December

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WASHINGTON (January 29, 2015) – Despite interest rates being at their lowest level of 2014, pending home sales cooled in December but remained above year-over-year levels for the fourth consecutive month, according to the National Association of Realtors®. All major regions experienced declines in December.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased 3.7 percent to 100.7 in December from a… Read More

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