Pending home sales rise narrowly

Pending sales of existing U.S. homes rose above analysts' expectations in February, data from a real estate trade group showed on Tuesday, a signal that the housing sector may be stabilizing. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in February, rose 0.7 percent to 109.3 from a downwardly revised 108.5 in January.

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