Pending home sales rise in July

August 27, 2015 2:03 PM

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Pending home sales rise in July

WASHINGTON Contracts to buy previously owned U.S. homes rose less than expected in July, but continued to suggest upward momentum in the housing market recovery.

Pending Home Sales Index, based on contracts signed last month, increased 0.5 percent to 110.9.

Also read: Home sales fall but prices rise in Broward County

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