Pending home sales fell 5.6% to an index reading of 101.6 in September, after a revised 1.6% decline to 107.6 in August, according to a report released Monday by the National Association of Realtors.

The August reading was initially reported as 1.6% drop to 107.7. The September decline was the fourth straight drop in the index, and the first time in 29 months that the index wasn't better than year-ago levels, which suggests lower home sales in the final quarter of 2013 and a flat trend for next year.

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