Pending Home Sales Jump 3.5% in November

Contracts for pending sales of previously owned U.S. homes rose faster than expected in November. The National Association of Realtors Pending Home Sales Index, based on contracts signed in November, rose 3.5 percent to 92.2 from a downwardly revised 89.1 in October. The index showed sales were 5 percent lower than the 97.0 reading in November of last year. – CNBC

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