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October 28, 2014

Pending home sales rise modestly in September

  • About 15 percent of surveyed real estate agents said they couldn't close a deal because the buyer was unable to obtain a mortgage.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — The number of Americans signing contracts to buy homes ticked up only slightly in September, as it remained difficult to qualify for mortgage financing.

    The National Association of Realtors said Monday that its seasonally adjusted pending home sales index rose 0.3 percent over the past month to 105. The index remains half a percentage point below its 2013 average, although 1 percent higher than a year ago.


     
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