Home Sales Rise

Summary


WEST COVINA - The number of homebuyers who signed contracts to buy previously owned homes rose for the ninth month in a row last month - and it was no surprise to local Realtors.

The National Association of Realtors said Tuesday its seasonally adjusted index of sales agreements rose 3.7 percent from September to October to 114.1. It was the highest reading since March 2006 and almost 32 percent above a year ago, the largest annual increase ever for the index.

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Extract


Home Sales Rise

"Doesn't surprise me a bit," said Kathleen Mueller, owner of Mueller Realty in San Gabriel. "With all the short sales and the ...

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