Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Pending home sales index is the second all time high

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November 07, 2005

Pending home sales index is the second all time high

Pending home sales index is an important indicator for the health of real estate. Based on September contracts, it is only slightly below the all time high reached in August. The index is based on the pending sales, meaning under contract but not yet closed. Closing usually takes 1 to 2 months from the date of the contract because the buyer needs to obtain financing and perform inspection.

 
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