A gauge of U.S. pending home sales fell for the fourth consecutive month in December, reflecting further weakness in the Midwest as rising prices slowed momentum in the housing market.
The National Association of Realtors’ index of pending home sales decreased 0.3% to 125.5 after a revised 2.5% decline in November, according to data released Friday. The median estimate in a Bloomberg survey of economists called for a retreat of 0.5% in December.
