According to NAR, pending home sales increased in September for a 8th straight month in September.
The September Pending Home Sales Index from the National Association of Realtors (NAR) spiked 6.1% to 110.1, consolidating a 6.4% gain in August. It was the index's highest level since December 2006, when it stood at 112.8.
Most of the improvement has been traced to the $8000.00 tax break about to expire this month.
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