Real Estate Sales Up 6.3 pct!

The National Association of Realtors says pending U.S. home sales rebounded in December. Buyers are purchaing properties at deep discounts, especially in the South and Midwest. "It beats renting" many a purchaser remarked. The

The trade group index tracks signed contracts to purchase existing homes. Typically there is a one- to two-month lag between a contract and a finished deal. The bottom line on home sales that were pending in December is that they are likely to be completed in the coming weeks.

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