Wednesday, June 11, 2008

PENDING SALES NAR's Pending Home Sales Index, based on contracts signed in April, rose 6.3 percent to stand at 88.2 from a reading of 83.0 in March - the highest index since last October. According to NAR's latest forecast, a modest gain in home sales is possible over the next couple months, and the second half of this year should see some improvement as more buyers are able to access affordable mortgages. Read the full story:

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