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US pending home sales drop in September

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Pending home sales dropped in the United States unexpectedly during September.

The National Association of Realtors' pending home sales index fell by 2.3% last month. On a year-over-year basis, pending home sales were down 8%.

"Some potential buyers have momentarily paused their home search with intentions to resume in 2022," said Lawrence Yun, NAR's chief economist.

Read more from Reuters.

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