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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Paul Kern who wrote (181335)2/3/2009 10:07:06 AM
From: DebtBombRead Replies (3) of 306849
 
U.S. Dec. pending home sales up 6.3%, realtors say

By Rex Nutting
Last update: 10:00 a.m. EST Feb. 3, 2009
WASHINGTON (MarketWatch) - The number of new sales contracts on existing homes jumped a seasonally adjusted 6.3% in December as buyers took advantage of lower mortgage rates and falling prices, a real estate trade group said Tuesday.The pending home sales index rose 6.3% in December and is now up 2.1% compared with a year earlier, the National Association of Realtors said. The increase points to a healthy gain in existing-home sales in January and February. The index is based on signed sales contracts, which usually occur a month or two before the sale is closed, when sales are reported in the NAR's existing-home sales report. marketwatch.com
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