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The National Association of Realtors (NAR) released its pending home sales figures for the U.S. Pending home sales in the U.S. declined 1.1% in October, missing expectations for a 0.9% increase, after a 0.6% gain in September. September's figure was revised up from a 0.3% rise.
The NAR's chief economist Lawrence Yun said that demand "would be more robust if it weren't for lagging wage growth and tight credit conditions".
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