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Pending home sales fall after 2 months of gains

The number of people who signed contracts to buy homes fell in September after two months of gains, a possible fallout from foreclosure moratoriums that have disrupted activity in the housing market.

The National Association of Realtors said Friday that its index of sales agreements for previously occupied homes dropped 1.8 percent in September, to 80.9. Contract signings fell in every regionĀ  except the West. Get the full story »