Pending Home Sales Up for August...up 18.4% in the West

Good news as the combination of lower prices, low interest rates, and pent up demand comes to a head...

Pending home sales in a report issued by the National Association of Realtors are up 7.4 percent in August compared to July, 2008. The numbers are up 8.8 percent over August, 2007. For the West, the gain is more significant...up 18.4%.

While it is not time to crack open the champagne bottles, it is a sign that consumer demand and pricing are finding an equilibrium.

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