2012-03-26cnbc.com

The pending home sales index slipped by 0.5 percent to 96.5 in February from 97.0 the previous month, but it was up 9.2 percent from the year-earlier period.

Economists polled by Reuters had expected signed contracts, which lead existing home sales by a month or two, to advance 1 percent, after a previously reported 2.0 percent rise.


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