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Pending Sales Up

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Looking at their fancy-sounding Pending Home Sales Index, the National Association of Realtors reported that the number of pending homes sales aka signed purchase agreements rose 3.7 percent in October, according to Bloomberg News. The NAR also stated that the number of pending home sales have now risen for nine months in a row. But proving that real estate recovery is regional, the NAR reported that the index fell 11.2 percent in October in the West (but that's still above October 2008 figures). [NAR/Bloomberg]