After reporting a sharp increase in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales pulled back by far more than expected in the month of December.
NAR said its pending home sales plummeted by 9.3 percent to 71.8 in December after surging by 3.3 percent to 79.2 in November. Economists had expected pending home sales to dip by 0.3 percent.
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