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December 2, 2014

Home Sales Up From 2013

According to the National Association of Realtors, pending home sales rose 2.2% in October compared to sales in the same month last year and the sales index reached 104.1.

One of the most influential factors to this increase is that the real estate market has become a buyers market due to low interest rates, an increase in inventory and less competition from investors paying cash.

The southern region of the country, including South Florida, saw a 3.9% increase in October, compared to October 2013.

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