nationalmortgagenews reports the National Association of Realtors (NAR) says July pending home sales rose 2.4 percent over June to a two-year high, after falling in June 1.4 percent from the previous month. The trade group is forecasting home sales will rise nine percent this year and eight percent in 2013, and home values will increase 10 percent over the next two years. As MHProNews has learned, chief economist Lawrence Yun says, “Falling visible and shadow inventories point toward continuing price gains.”

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