Pursuits
Pending Home Sales Show Industry Regaining Footing: Economy
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More Americans than forecast signed contracts to buy previously owned homes in January, indicating the industry that sparked the last recession is improving.
The index of pending home resales climbed 2 percent after a 1.9 percent decrease the prior month that was smaller than previously estimated, the National Association of Realtors said today in Washington. The median forecast of 44 economists surveyed by Bloomberg News called for a 1 percent advance.