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March 31st, 2008 9:43 AM by David W. Welch
Buried in the business section is finally a positive article. Pending real estate sales are rising all over the state. This is the best indicator of future sales, since these are actual contracts on properties. Closings do seem to be taking a little longer to close. This is mostly because lenders are being a bit more careful, and lenders and title companies are operating with more lean staff. February was up over January, and March is up over February. I expect, since April is usually the start of the Spring selling season, it will be up again next month.