The West Maintains Highest Pending Home Sales in the Nation

Based on the National Association of Realtors’ (NAR) Pending Home Sales Index for July 2011 over June 2011, “All regions show[ed] monthly declines except for the West, which continues to show the highest level of sales contract activity.” While the month-over-month comparison appears bleak, the NAR points out that the pending home sales of July 2011 are 14.4% higher than the data accumulated in July 2010. http://bit.ly/oJOXV7

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