Pending Sales of Previously Owned Homes in U.S. Increase 0.2%By
Smaller-than-forecast gain followed two months of declines
Two of four regions showed a pickup in contract signings
Contract signings to purchase previously owned U.S. homes rose less than forecast in October after declining in the prior two months, showing residential real estate is cooling heading into the quieter selling season.
An index of pending home sales increased 0.2 percent in October after a revised 1.6 percent decline a month earlier, the National Association of Realtors said Monday. Economists projected a 1 percent advance last month, according to the Bloomberg survey median…
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