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The 1%

In what's being described as one step forward, one step back for the housing market, pending home sales declined in August after improving in July. The National Association of Realtors' Pending Homes Sales Index fell one percent in August from July and is 2.2 percent lower than August 2013. The drop in pending home sales is being blamed on the market's improvement since the Great Recession. [WBJ/Photo via Shutterstock] - Michelle Goldchain