A strong increase in the number of pending residential real estate sales in the US is being hailed as a sign that the property market is recovering.
Figures from the National Association of Realtors show that the number of contracts to buy rose 3.7% from September to October, the ninth straight month in a row that it has recorded an increase.
The group's index is now up 31.8% from last October, the biggest annual gain since it was created in 2001.
Source:http://www.nuwireinvestor.com/articles/boost-in-residential-real-estate-contracts-suggests-recovery-54184.aspx?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+nuwireinvestor%2Flatestnews+%28NuWire+Investor%3A+Latest+News%29&utm
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