Pending sales in September have increased 8.8% from a year ago and 1.8% from August. Below is an article that discusses this increase and what it might forecast for the market's future. Some feel it is due to approval for financing taking longer for buyers. Others feel it is a small sign of market stabilization. Since the market really slowed down in September of 2007, the 8.8% increase of pending sales one year later may indicate more sales to come.Monday, October 13, 2008
September pending sales increase!
Pending sales in September have increased 8.8% from a year ago and 1.8% from August. Below is an article that discusses this increase and what it might forecast for the market's future. Some feel it is due to approval for financing taking longer for buyers. Others feel it is a small sign of market stabilization. Since the market really slowed down in September of 2007, the 8.8% increase of pending sales one year later may indicate more sales to come.
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