India, July 16 -- Pending home sales in the U.S. pulled back by much more than expected in the month of June, according to a report released by the National Association of Realtors on Thursday.
NAR said its pending home sales index plunged by 5.4 percent to 72.5 in June after surging by 3.5 percent to a revised 76.6 in May.
Economists had expected pending home sales to decrease by 0.5 percent compared to the 3.8 percent spike originally reported for the previous month.
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