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Video: Uneven Uptrend in Pending Home Sales

January 28, 2013

Pending home sales declined in December 2012, but have stayed above year-ago levels for 20 consecutive months, according to the National Association of Realtors®. In this video, Chief Economist Lawrence Yun talks about this decline in the framework of an uneven uptrend in homes sales, and the fact that the limit in sales has been caused by low inventory.