Pending home sales fall 2.6% in October as more buyers are priced out

Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois, U.S., on Sunday, Aug. 19, 2018. 

Expectations for a stronger housing market in October fell short. Pending homes sales, a measure of signed contracts to buy existing homes, fell 2.6 percent compared with September, according to the National Association of Realtors. 

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