Pending Home Sales Unexpectedly Fall For First Time In 5 Months

Real estate values chart

Olena_T

By Jennifer Nash

The National Association of Realtors® (NAR) unexpectedly fell 5.5% in December to 74.2, the first monthly decline since July. Pending home sales were expected to be unchanged from the previous month. The index is down 5.0% from one year ago.

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