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Pending home sales were almost flat in December

2016-01-28 21:12:05| Real Estate - Topix.net

Economists had estimated that pending home sales rose 0.9% according to Bloomberg, after a 1.1% decline in the prior period. Pending sales, which measure contract signings, were held back by "the stock market's sizeable losses" this year and the slowdown in manufacturing according to Lawrence Yun, chief economist of the National Association of Realtors which releases the monthly report.

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