Home sales contracts rise for 8th straight month - The number of signed sales contracts to buy homes rose in September for the eighth straight month. The September Pending Home Sales Index from the National Association of Realtors (NAR) spiked 6.1% to 110.1. The index hasn't been this high since December 2006, when it stood at 112.8. The leap was far better than expected. A panel of analysts surveyed by Briefing.com had forecast a 1.2% rise. Analysts attribute much of the improvement to the government's first-time homebuyer tax credit program. It's estimated that between 200,000 and 400,000 additional sales will have been made because of the credit.
http://money.cnn.com/2009/11/02/real_estate/September_sales_contracts/index.htm?postversion=2009110210
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