US pending home sales unexpectedly slumped in April, according to the National Association of Realtors.
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Homebuyers in the market this spring are being slammed by a 'double whammy'
The stock market's rise and the expectation that interest rates would rise had spurred "significant interest" in homebuying.
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Realtors reported higher foot traffic compared to a year ago, but it's not translating to higher sales.
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