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U.S. Pending Home Sales Rose 4.6% in January

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WASHINGTON—The number of existing homes that went under contract in the U.S. rose strongly in January, a sign of improvement for the housing market at the start of the year.

An index measuring pending home sales—a gauge of purchases before they become final—rose 4.6% to a seasonally adjusted reading of 103.2 in January, the National Association of Realtors said Wednesday.

Economists…

Source: WSJ.com: US Business
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