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Today’s Talking Point 10/02/09

Pending Homes Sales Up Again!!

More homebuyers signed sales contracts in August than in any month this year according to the NAR report released yesterday.

The August Pending Home Sales Index from the National Association of Realtors (NAR) surged 6.4%. This is the seventh straight month-over-month improvement. The increase far exceeded economists’ expectations (a panel of analysts surveyed by Briefing.com had forecast a 1% rise).

This is of course great news as it shows people are again realizing the benefits of home ownership. As a matter of fact, the Wall Street Journal talked to this issue on September 4th:

“There’s a good reason homeownership has been such a central part of the American dream. It delivers security, pride of ownership, a sense of community and decent investment returns as a bonus…For every hardship story today, and no doubt there are many, others are realizing their dreams of home ownership and getting what may well turn out to be the deals of their lives.”

Let your buyers know that today is the day they should make that home buying decision.

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