U.S. News & World Report - Housing market optimists picked up another encouraging data point Tuesday, when a new report on the residential real estate market came in stronger than expected. The National Association of Realtors’ pending home sales index for July was 12 percent above year-earlier levels, hitting its highest point since June 2007. “The increase reported for pending home sales was the sixth consecutive gain, suggesting firmer figures for existing home sales in the next month or two,” economists at Goldman Sachs said in a report. Read Original Post Here

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