Pending U.S. home sales fell more than expected in September, after posting a big jump in the previous month.
The National Association of Realtors said Friday that its seasonally adjusted index of pending sales for existing homes fell 4.6 percent to a reading of 89.2. That's down from an upwardly revised August reading of 93.5.
Economists surveyed by Thomson Reuters expected a September reading of 90.6.
The index was 1.6 percent above year-ago levels. It sunk to a record low of 83 in March, and stood at 87.8 in September 2007.
The reading should provide a preview of October's existing home sales numbers when the Realtors group releases …
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