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Fewer people signed contracts to buy US homes in March

Fewer consumers signed contracts to buy U.S. homes last month as the spring buying season revs up with stiff competition for homes amid lagging inventory. The National Association of Realtors said Thursday that its pending home sales index slipped 0.8 percent to 111.4 in March, from 112.3 in February. Lawrence Yun, chief economist for the Realtors, said ...

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