Pending Home Sales Jumped 10.4 percent in October

Pending sales of existing U.S. homes unexpectedly surged in October, data from a real estate trade group showed on Thursday, despite concerns that problems in the foreclosure process might curtail activity. The National Association of Realtors Pending Home Sales Index, based on contracts signed in October, jumped 10.4 percent to 89.3 from 80.9 in September. – Reuters

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