U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December

Pending home sales in the U.S. unexpectedly showed a sharp pullback in the month of December, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index plunged by 4.9 percent in December after jumping by 1.2 percent in November. Economists had expected pending home sales to rise by 0.5 percent.Original Article