Gauge of U.S. Pending Home Sales Declines to a Six-Month Low
Photographer: Daniel Acker/Bloomberg
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A gauge of U.S. pending home sales fell to a six-month low in January as buyers competed for a limited number of properties.
The National Association of Realtors’ index of pending home sales decreased 2.8% from the prior month to 122.8, according to data released Thursday. December data was revised to a 0.5% gain after a previously reported decline. The median estimate in a Bloomberg survey of economists called for no change in January.