http://jacksonville.bizjournals.com/jacksonville/stories/2009/11/30/daily16.htmlPending home sales rose sharply in October, marking the ninth straight month of increases, according to the National Association of Realtors.
NAR’s pending home sales index tracks deals in which a contract has been signed but that has not gone through closing. An index of 100 equals the average level of contract activity in 2001.
October’s index was 114.1, up from 110 in September. It was 32 percent from October 2008, when it stood at 86.6.
The index for the Southeast was 115.4, up 5.4 percent from September and up 32 percent from a year ago.
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