PENDING HOME SALES DOWN 6.7% FROM A YEAR AGO
The National Association of Realtors said Thursday its pending home sales index fell 2.6 percent last month to 102.1. The index based on contract signings has tumbled 6.7 percent from a year ago. Pending sales are a barometer of home purchases that are completed a month or two later, so the October index suggests that sales will possibly decline through December.