Pending Sales of Existing Homes in U.S. Fell 2.6% in August
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Americans signed fewer contracts than forecast to purchase previously owned homes in August, showing the recovery in the housing market will be uneven.
The index of pending home resales dropped 2.6 percent after a revised 2.6 percent gain in July that was more than initially reported, figures from the National Association of Realtors showed today in Washington. The reading compared with a median forecast of a 0.3 percent gain in a Bloomberg survey of 40 economists.