Pending Home Sales Index Holds at 85.9 in Jan.: NAR

Pending home sales remained at a reading of 85.9 in January, unchanged from an unrevised 85.9 in December, according to an index released today by the National Association of Realtors.

IFR Markets’ poll of economists had predicted an 86.2 reading. Year-over-year pending home sales are down 19.6%.

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