Home sales continue to improve

September 1, 2009 11:34:43 AM PDT
New numbers released show the housing market is rebounding more quickly than expected.

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The National Association of Realtors says the number of pending home sales rose 3.2 percent in July -- that's more than analysts predicted.

Home sales have now reached their highest level in two years, as first time buyers rush to take advantage of a tax credit that ends in November.

Sales are expected to drop when that tax credit expires.

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