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US property: The latest

Posted on 11 November 2010

From Themovechannel.com: Pending residential property sales in the US dropped 1.8% in September after two months of gains, the latest index to be published shows. The National Association of Realtors pending home sales index, a forward looking indicator, slipped to 80.9 in September and remains 24.9% below the surge to 107.8 a year ago when first time homebuyers jumped into the market to take advantage of the tax credit.
When it expired in April, however, the NAR index slumped 30% in one month……………………………………….Full Article: Source

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