US sees unexpected increase in pending home sales

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US sees unexpected increase in pending home sales

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08-08-2008, 12:23 AM

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US sees unexpected increase in pending home sales

Figures from the National Association of Realtors (NAR) has revealed a surprise rise in the US in agreements to purchase homes in June.The news was a welcome relief said the association, who added that a rise in contract activity was required for a housing recovery. Following an increase in defaults in the sub-prime sector, a [...]

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