U.S. pending home sales tumbled 4 percent in November, according to the National Association of Realtors (NAR). This is up from the 4.6 percent drop in October, but the reading was worse than the market estimate of a 0.8 percent dip.
On a year-over-year basis, pending home sales plummeted 37.8 percent, down from the 37 percent decline in the previous month. Trading Economics had projected a print of negative 32 percent.
