Pending Home Sales Are Up

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According to the National Association of REALTORS, pending home sales for March 2010 were up nationally. This is good news going in to the spring buying season. Signed contracts went up 5.3% from February 2010 and is up more than 20% over March of 2009. Affordability, government incentives (such as the tax credit) and low mortgage rates contributed to the upswing.

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