Pending home sales in the U.S. decreased for the fifth straight month in March, according to a report released by the National Association of Realtors on Wednesday.
NAR said its pending home sales slumped by 1.2 percent to 103.7 in March after plunging by 4.0 percent to a revised 105.0 in February. Economists had expected pending home sales to tumble by 1.6 percent.
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