US pending home sales slightly better

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The level of contracts signed for new US home sales in September only saw a modest increase, according to new figures from the National Association of Realtors. The market south of the border has been limping to recovery but has been affected by low wage rises and tight restrictions on home loans. Mortgage rates have fallen and some of the tighter lending rules have been relaxed so the prediction is for a stronger uptick in sales in the coming months. Read the full story.

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