"Pending home sales sank to a record low in January, according to a report released Tuesday by the National Association of Realtors.
The Pending Home Sales Index, which measures the number of sales contracts signed each month, fell 7.7% to 80.4 from a downwardly revised reading of 87.1 in December. That's the lowest level since tracking began in 2001.
A consensus estimate of analysts polled by Briefing.com predicted a decline of 3.5% to 84.2."
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Pending home sales for January plummet to record low
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