Pending Home Sales Edge Down in February

Washington, DC, March 27, 2013 -- Pending home sales declined 0.4% in February, the National Association of Realtors reported Wednesday.

The NAR pending home sales index decreased to 104.8 in February from 105.2 in January, but was up more than 8% from 96.6 a year ago.

A reading of 100 equals the average level of contract activity during 2001.

                                                                                                                                                                                                                                                 
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