Pending home sales rise, beating expectations

Posted by Bonnie Martin Designated Broker on Thursday, November 29th, 2012 at 12:05pm.

reuters.com - The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed in October, gained 5.2 percent to 104.8.

Economists polled by Reuters had expected signed contracts, which usually become sales after a month or two, to rise 0.8 percent last month.

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