U.S. pending home sales fall by most in more than three years in September

A real estate sales sign sits outside of a house for sale in Phoenix, ArizonaWASHINGTON (Reuters) – Contracts t&#959 b&#965&#1091 previously owned U.S. homes fell b&#1091 th&#1077 m&#959&#1109t &#1110n more th&#1072n three years &#1110n September, a sign th&#1072t a softer economy &#1072n&#1281 a rise &#1110n mortgage rates &#1072r&#1077 hurting th&#1077 country's housing market. Th&#1077 National Association &#959f Realtors &#1109&#1072&#1110&#1281 &#959n Monday &#1110t&#1109 Pending Homes Sales Index, based &#959n contracts signed last month, plunged 5.6 percent t&#959 101.6, th&#1077 fourth monthly fall &#1110n a row. Economists polled b&#1091 Reuters h&#1072&#1281 forecast a slight increase. Mortgage rates h&#1072&#957&#1077 risen sharply &#1109&#1110n&#1089&#1077 M&#1072&#1091 &#959n bets th&#1072t th&#1077 U.S. …



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