| Pending Home Re-sales Increase |
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The index of pending home re-sales increased 8.2 percent from April after a revised 11 percent drop the prior month that was smaller than initially reported. Economists forecast a 3 percent increase, according to the median estimate in a Bloomberg news survey. Falling home prices that make properties more affordable may be luring potential buyers into market even as 9.1 percent unemployment and stringent loan terms hold back a fuller recovery for the industry. |

