Business

Pending Home Sales Slip: Flat Sales Next Year?

[USA Today]

1382969659000-AP-Home-Prices

Pending home sales declined in September for the fourth month in a row, a signal to expect lower home sales this quarter and a flat trend going into next year, a trade group said Monday.

The pending home sales index, a forward looking indicator, fell 5.6% to 101.6 in September from a downwardly revised 107.6 in August and is 1.2% below last year’s level, the National Association of Realtors says.

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