Index jumps by 3.2% in July, beating estimates and marking its longest streak on monthly increases on record.
Pending sales of existing of homes jumped up 3.2% in July, fueled by a combination of low interest rates, moderate home prices, foreclosure sales & the $8,000 tax credit. Good news for everyone!
Locally in Jackson County, sales of existing homes were reported to have risen 18% in the first half of the year over the same period in 2008.
Although the economic climate remains tough, there are signs of life! Foe every home sold, especially a foreclosure, that is a happy new homeowner filling a vacant home!
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