Pursuits
Pending Sales of Existing U.S. Homes Climb for Third Month
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Pending home sales rose for the third month in November, a sign of the housing recovery’s resilience in the face of fiscal threats facing the U.S.
The index of pending home sales climbed 1.7 percent to 106.4, the highest reading since April 2010, after a revised 5 percent gain in October, the National Association of Realtors reported today in Washington. The median forecast in a Bloomberg survey called for a 1 percent advance.