Sep 08 2009

Real Estate Outlook

Published by at 6:43 pm under General Information

Pending home sales jumped again. They were up by 3.2 percent for the month of July, according to the National Association of Realtors. That’s the sixth straight month of increases. The pending sales index is now at its highest level since June of 2007, and is 12 percent above a year ago. Record low mortgage rates around 5.2% seem to be contributing to the rebound.

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