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News Link • Housing

Pending Home Sales Plunge, GDP Delayed, Jobs on Time

•, by Mike Mish Shedlock

The pending home sales index is a leading indicator of existing home sales (resales). The National Association of Realtors (NASR) developed the index.

Pending home sales are those in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale

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