U.S. pending home sales stay near record low despite modest pickup in September

U.S. pending home sales stay near record low despite modest pickup in September

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The numbers: U.S. pending home sales rebounded in September but remain near a record low as high mortgage rates and low inventory continue to hurt the real-estate sector. Pending home sales rose 1.1% in September from the previous month, according to the monthly index released Thursday by the…

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