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US pending home sales plunge in April

Fri Jun 1, 2012 on Blog


US pending home sales plunge in April (via AFP)

US pending home sales plunged in April but an overall upward trend remained firmly in place amid a slowly recovering housing market, an industry group said Wednesday. The National Association of Realtors said its index of pending home sales, or contracts signed but not closed, dived 5.5 percent to…