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    According to the National Association of Realtors, home sales are likely to level out during the next few months.

    The Pending Home Sales Index indicates sales that sill be finalized within the next couple of months. Based on the contracts signed in July, the PHSI is down 7.0% for the month. On a year-to-year basis, the index is down 16%.

    An index of 100 is the average level of contract activity during 2001 -- the first year of

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    The Pending Home Sales Index indicates sales that sill be finalized within the next couple of months. Based on the contracts signed in July, the PHSI is down 7.0% for the month. On a year-to-year basis, the index is down 16%.

    An index of 100 is the average level of contract activity during 2001 -- the first year o

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    e finalized within the next couple of months. Based on the contracts signed in July, the PHSI is down 7.0% for the month. On a year-to-year basis, the index is down 16%.

    An index of 100 is the average level of contract activity during 2001 -- the first year o

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    PHSI is down 7.0% for the month. On a year-to-year basis, the index is down 16%.

    An index of 100 is the average level of contract activity during 2001 -- the first year o

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    n index of 100 is the average level of contract activity during 2001 -- the first year of the index. July's index was 105.6.

    "In looking at year-to-year comparisons, the pending home sales index has been very close in predicting the actual pace of home sales," NAR chief economist David Lereah said.

    "Based on recent changes from a year ago, the index shows existing-home sales should continue to ease after a stron

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