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SOME GOOD NEWS ABOUT THE MARKET

SALES STILL UP

Existing single-family homes sales were up in September as buyers took advantage of low prices. The Existing Home Sales sales pace was 5.18 million units, up 5.5 percent from 4.91 million in August. National Association of Realtors forward-looking pending homes sales index dipped to 89.2 from 93.5 in August, but was 1.4 percentage points higher than the 87.8 index in Spetember 2007.

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