Pending home sales unexpectedly pulled back off a record high in the month of September, according to a report released by the National Association of Realtors on Thursday.
NAR said its pending home sales index slumped by 2.2 percent to 130.0 in September after spiking by 8.8 percent to 132.9 in August. The drop came as a surprise to economists, who had expected pending home sales to jump by another 3.4 percent.
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