Pending home sales drop unexpectedly to lowest in a year, down 2.8% in January - CNBC

CNBCPending home sales drop unexpectedly to lowest in a year, down 2.8% in JanuaryCNBCHigher mortgage rates and near record low supply resulted in disappointing home sales to start the year. House hunters signed 2.8 percent fewer contracts to buy existing homes in January compared to December, although December s read was revised
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