Pending Sales of Existing Homes in U.S. Rose 0.1% in January
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Contracts to purchase previously owned U.S. homes rose less than forecast in January, adding to signs housing was weakening in early 2014.
The index of pending home sales climbed 0.1 percent after a 5.8 percent drop the prior month that was smaller than previously estimated, figures from the National Association of Realtors showed today in Washington. The median forecast of 41 economists surveyed by Bloomberg called for sales to rise 1.8 percent.