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according to the national association of realtors: Pending home sales rose again according to the National Association of Realtors®-Las Vegas area Pending and Contingent sales.. - 11/03/09 09:51 AM
Pending home sales rose again, marking eight consecutive monthly gains - the longest streak since measurement began in 2001, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said the momentum is understandable. "What we're witnessing is a rush of first-time buyers trying to beat the expiration of the tax credit at the end of this month," he said. "Home values will stabilize sooner rather than over-correcting. That, in turn, will mean wealth stabilization for the vast number of middle-class families and lay the foundation for a durable economic recovery."
READ the whole article here....Realtor.org
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