Realtor Bolin shows a home to Amy and Eddie Deon in Riverside, California May 24, 2012. REUTERS/Alex Gallardo
The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, fell 5.5 percent to 95.5, its lowest level since December, after a downwardly revised 3.8 percent increase in March.
The series still remained sharply higher from a year earlier, and economists said the data did not change the view that the U.S. economy remains in recovery mode.
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