Buyers still flocking to the market, with pending home sales hitting record in August

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Homebuying is still going strong heading into the fall, with people rushing to lock in record low mortgage rates and sign contracts to purchase homes in August

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Pending home sales were up 8.8% to a record high in August, according to the National Association of Realtors. Year-over-year, pending home sales rose 24.2%.More from Success So you're working remotely and want to move? Read this firstHome sales reach a 14-year high in August, with prices hitting a new record

The jump is further confirmation that the home buying season isn't following the usual seasonal trend this year, said George Ratiu, Realtor.com's senior economist. "Part of this shift can be attributed to a delayed spring home buying season due to lockdowns and buyers who are determined to lock in a historically low rate, despite rising prices and highly limited inventory," Ratiu said.

 

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Clarification and proof for the lies and fake news you reported!

Thank you Mr. President!

Gee people must have money. Thanks to Trump2020 !!!

Look at Trumps tanked economy.

But tomorrow is October.

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