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Pending home sales fell 2.6 percent in October

Pending home sales sank in October, as higher mortgage rates have worsened the affordability of home ownership and dampened enthusiasm among would-be buyers. The National Association of Realtors said Thursday that its pending-home-sales index fell 2.6 percent last month to 102.1. The index based on contract signings has tumbled 6.7 percent from a year ago. The housing ...

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