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Contracts to buy homes inch up

MIAMI (AP) -- The number of people preparing to buy a home rose slightly in December, a positive sign heading into the spring home buying season.

The National Association of Realtors said Tuesday its seasonally adjusted index of sales agreements rose 1 percent from November to December to a reading of 96.6. That was a bit lower than the 97.1 level analysts expected, according to Thomson Reuters.

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