Pending home sales grew less then economists expected in August, rising 4.3% to a level of 82.3, according to an index released Monday by the National Association of Realtors.

The gauge of signed deals for used homes rose a revised 4.5% to 78.9 in July. Economists expected an 81.4 level. August pending homes sales were down 20.1% from 103.0 a year ago.

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