Pending home sales fell slightly in October, according to the National Association of Realtors (NAR).
Contract activity was mixed among the four major U.S. regions, with the only positive month-over-month growth happening in the South, although each region achieved year-over-year gains in pending home sales transactions. This marked the second straight month of decline for the Pending Home Sales Index.
Read on for reaction from NAR Chief Economist Lawrence Yun.
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