WASHINGTON – Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market.
The National Association of Realtors said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007.
Pending home sales up 7.4 percent in August | Kansas.com
Tags: homesales, pending sales, sales increase, national association of realtors, existing homes, resale homes.
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