U.S. Pending Home Sales Unexpectedly Slump 1.1% In October

Pending home sales in the U.S. unexpectedly decreased in the month of October, according to a report released by the National Association of Realtors on Monday. NAR said its pending home sales index slid by 1.1 percent to 128.9 in October after tumbling by 2.0 percent to a revised 130.3 in September.

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