Pending home sales up 3.6%
Lower house values fueled larger than expected increase
Posted: August 5, 2009 at 4:56 a.m.
The number of contracts to buy previously owned homes in the U.S. rose in June for a fifth straight month and exceeded economists' forecasts, as lower prices and mortgage rates attracted buyers, the National Association of Realtors said Tuesday in Washington.
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Business, Pages 21, 22 on 08/05/2009
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