U.S. Pending Home Sales Unexpectedly Tumble 2.5% In January

Pending home sales in the U.S. unexpectedly saw a notable decrease in the month of January, the National Association of Realtors revealed in a report on Monday. NAR said its pending home sales index slumped 2.5 percent to 106.0 in January from an upwardly revised 108.7 in December.