Reflecting a shortage of inventory and fast-rising home prices, the National Association of Realtors released a report on Wednesday showing a continued decrease in U.S. pending home sales in the month of November.
NAR said its pending home sales index slid 2.6 percent to 125.7 in November after falling by 0.9 percent to 129.1 in October. Economists had expected pending home sales to come in unchanged.
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