"Homebuyers abandoned the market in droves during November: They signed 16% fewer sales contracts than the month before.
This marks the first decline in the National Association of Realtors (NAR) Pending Home Sales index, released Tuesday, after nine straight months of gains. The drop also exceeded analysts' expectations: A panel of experts from Briefing.com had forecast a 2% decrease."
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Signed home sales contracts plunged in November
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