U.S. Pending Home Sales Unexpectedly Slump 4.7% In January

Pending home sales in the U.S. unexpectedly showed a steep drop in the month of January, the National Association of Realtors revealed in a report on Wednesday. NAR said its pending home sales index tumbled by 4.7 percent to 104.6 in January from a downwardly revised 109.8 in December.Original Article