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Economists say the second unexpected rebound in three months in the U.S. pending home sales index is likely due to sales of foreclosed homes . The June report from the National Association of Realtors (NAR) defied expectations for a 1.0% decline and rebounded 5.3% in June, following the 4.9% loss of...
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After declining in five of the past six months, U.S. pending home sales unexpectedly jumped 6.3% in April to reach a level of 88.2, the highest level in six months, according to the National Association of Realtors. Economists say the rising pace of foreclosures may have helped the index. The consensus...