WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes fell more than expected in August, pointing to a still shaky housing sector. The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, fell 1.0 percent to 104.7. Economists polled by Reuters had expected a decline of just 0.1 percent. Despite the drop, pending sales were still at the second-highest level of the year. In July, sales had risen 3.2 percent, a touch softer than the previously reported 3.3 percent gain. ...
from Business News Headlines - Yahoo! News http://news.yahoo.com/u-pending-home-sales-fall-more-expected-august-140446660--business.html
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