Economic Charts

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Sunday, November 7, 2010

Monthly Pending Home Sales

The Pending Home Sales report was published Friday and revealed the index lost 1.8%.  The index moved from 82.4 in the previously reported month to 80.9.   Pending home sales measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction and is considered a leading indicator of economic health.  

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