The number of Americans who signed contracts to buy homes declined last month, but was still a record high for November when a seasonal slowdown traditionally seeps into the real estate market.
The National Association of Realtors said Wednesday that its index of pending sales fell 2.6% to 125.7 in November, down from October’s revised reading of 129.1. An index of 100 represents the level of contract activity in 2001. It was the third straight monthly decline.
