PENDING HOME SALES
October's pending home sales eased 0.7 percent against a deteriorating economic backdrop but remained stable, according to NAR. In the South, however, pending home sales jumped 7.8 percent. Going forward, NAR Chief Economist Lawrence Yun expects lower mortgage rates to tempt pent-up demand from homebuyers.
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http://www.floridarealtors.org/NewsAndEvents/n2-120908.cfm
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