Housing activity in the U.S. kicked off the fall season slower than anticipated.
Pending home sales, a leading indicator of the health of the housing market, fell in September, reversing an increase a month earlier. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, dropped 2.3% in September from August — a surprising dip. Analysts expected a 0.5% increase in sales, according to Bloomberg consensus…
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