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NAR: Pending Home Sales Index decreased 2.4% in August, down 0.2% year-over-year

From the NAR: Pending Home Sales Retreat in AugustAfter bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors®.The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly revised 111.
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