Pending home sales slump

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Pending home sales slump
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Contract signings for home sales fell in January with inventory at a record low.

FOX Business Gerri Willis reports from Westchester County, New York, on housing prices rising at the fastest rate in 34 years.sales fell for the third month in a row in January, amid all-time low inventory and sky-high prices.The latest data from the National Association of Realtors shows contract signings for home sales dropped 5.

A"Sold" sign outside a new home under construction in Tucson, Arizona, U.S., on Tuesday, Feb. 22, 2022.

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