【CNBC】Pending home sales fall 1.7% in October, as housing shortage worsens

• Pending home sales, which measure signed contracts, fell 1.7% in October month-to-month, according to the National Association of Realtors.
• Sales were 4.4% higher annually, likely because mortgage rates are much lower this fall.
• The average rate on the 30-year fixed mortgage was about a full percentage point lower this October than it was a year ago.

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