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flag U.S. pending home sales reached a 21-month high in November, defying high mortgage rates.

flag Pending home sales in the U.S. hit a 21-month high in November, rising 2.2% to 79.0, surpassing economists' expectations. flag All regions except the Northeast saw increases, with the South leading at 5.2%. flag Despite high mortgage rates, buyers are adjusting expectations and taking advantage of better inventory, indicating a shift towards a more balanced market.

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