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NAR: Pending home sales rise in Northeast, fall nationally

Oct 03, 2013
Pending home sales slowed in August, with tight inventory conditions, higher interest rates, rising home prices and continuing restrictive mortgage credit impacting the market, according to the National Association of REALTORS (NAR).

The Pending Home Sales Index, a forward-looking indicator based on contract signings in August, eased 1.6 percent to 107.7.  In the Northeast, the index rose 4 percent to 84.8 in August and is 5.1 percent above a year ago.

To read the entire NAR press release, click here.
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