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Sales Are Rising; Inventory Less
September 3, 2009

Due to the current situation with the $8,000 tax credit for first time buyers and interest rates still low, and prices of homes really low, the National Association of Realtors reported that pending home sales rose 3.2 percent in July from June, and signed contracts have now risen for six consecutive months. The National Association of Realtors is pressing Congress to extend the incentive into 2010 and to all buyers of primary residences to help keep the housing market agressive.

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