Home sales contracts rise for 8th straight month (CNN)
The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.
The September Pending Home Sales Index from the National Association of Realtors (NAR) spiked 6.1% to 110.1, consolidating a 6.4% gain in August. It was the index's highest level since December 2006, when it stood at 112.8.
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