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Pending home sales grew for third straight month, up 0.8% in February

Pending home sales grew in February for the third consecutive month, according to the National Association of Realtors. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – improved 0.8% to 83.2 in February. Year-over-year,…

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