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August US pending home sales -2.6% vs -0.5% expected

Pending home sales data from the National Association of Realtors
– Lowest level in almost 2.5 years
– Pending home sales down in 5 of 6 months
– was -0.8%
That’s two months in a row with a big miss. Part of the story is Hurricane Harvey with the index for the South down to 118.8 compared to