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US September pending home sales -7.3% vs -0.5% expected
Prior was +0.3% Index vs 71.2 prior For background. the US pending home sales report provides an early indication of demand in the existing housing market. Published monthly by the National Association of Realtors, it tracks signed contracts to purchase existing homes, rather than completed transactions. That distinction is what gives the report its value. A home typically goes under contract one or two months before the sale closes, making pending sales a leading indicator for the existing home sales report. It offers a more timely view of how buyers are resp
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