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Story summary
- Pending U.S. home sales rose 3.3% in November, the highest in nearly three years, per the National Association of Realtors.
- The gain reflects improved affordability from lower mortgage rates and rising wages, with the West up 9.2% and Realtors expecting higher traffic.
- Days on the market average 36.
- First-time buyers accounted for 30% of sales.
- Eighteen percent of homes sold above the asking price.
