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July Pending Home Sales Increase Sep 2, 2009 |
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The National Association of Realtors said that its seasonally adjusted index of sales contracts signed in July for previously occupied homes rose 3.2% to 97.6. It was the sixth straight increase, and 12% higher the same month last year.
A 12% jump in sales contracts in the West and a 3% increase in the South drove July's overall increase. Sales fell in the Northeast and Midwest.