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Pending home sales drop 1.3% in April as spring housing market shows weakness

June 1, 2017

Via: CNBC
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Home buyers pull back again in April, signing fewer contracts

The spring housing market continues to be plagued by a lack of homes for sale. Home shoppers signed 1.3 percent fewer contracts to buy existing homes in April compared with March, according to a monthly index from the National Association of Realtors. March’s reading was also revised down. The index is 3.3 percent lower than April of 2016.

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