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Pending home sales drop 1.8 percent

WASHINGTON, D.C. — The number of people who signed contracts to buy homes fell in September after two months of gains.

The National Association of Realtors says that its index of sales agreements for previously occupied homes dropped 1.8 percent in September to a reading of 80.9.

The setback highlighted the continued problems facing the housing industry as it struggles to mount a sustained recovery from a deep recession.