Index: Pending home sales nationwide waning

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For the third straight month, an index that tracks pending sales of existing homes nationwide dropped in November. The National Association of Realtors announced recently that its index for pending sales of existing homes dropped 2.5 percent to 120.6 from October’s 123.7 percent. The November index was also 2.5 percent below the level of November 2004. more [WSJ]

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