Pending home sales dipped 0.4% to an index reading of 110.9 in June, after a downwardly revised 5.8% rise to 111.3 in May, first reported as a 6.7% increase to 112.3, according to a report released Monday by the National Association of Realtors.

Economists polled by Thomson Reuters predicted that the index would be down 1.0%.

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