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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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.