WASHINGTON, Nov 7 (Reuters) - Pending sales of existing U.S. homes fell in September on tighter credit and worsening economic conditions, data from a real estate trade group showed on Friday.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in September, fell 4.6 percent in September to 89.2 from an upwardly revised reading of 93.5 in August.
However, the September reading was 1.6 percent higher than a year earlier.
Economists polled by Reuters ahead of the report were expecting pending home sales to drop 3 percent. (Reporting by Lucia Mutikani; Editing by Neil Stempleman)