Pending home sales rose 7.3% in November.  The Case-Shiller home price index edged down 0.6% in October.  Initial jobless claims increased 15,000 to a level of 381,000 for the week ended 12/24.

• Pending home sales rose 7.3% in November.  The primary factor behind the revision was a downward revision to personal consumption expenditures.  The four-quarter growth in real GDP of 1.46% was the lowest since the 4^th quarter of 2009.
• The Case-Shiller home price index fell 0.6% in October and was down 3.4% from a year ago. The index level in October (for the 20-city composite) was at its lowest level since March of 2003.
• Initial jobless declined increased 15,000 to 381,000 for the week ended December 24^th.