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Pending Home Sales Rise Again in November, Highest in a Year-and-a-Half

Washington, DC, December 29, 2011 - Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®...The last time the index was higher was in April 2010 when it reached 111.5 as buyers rushed to beat the deadline for the home buyer tax credit. The data reflects contracts but not closings.

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Source: The National Association of REALTORS®