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Real estate experts call it a mini power surge of sales as every indicator in the Puget Sound housing industry is showing double-digit gains. One spot at the height of the rebound is Tehaleh, a community of ultimately 6,400 homes that during the height of the recession was on the brink of disaster. Tehaleh is just one example of what’s happening across Puget Sound with a real estate market that’s showing solid optimism. The Northwest Multiple Listing Service says several factors are driving the market: The average 30-year fixed interest rate is still attractive, but inching up at 4.4 percent. The available supply of homes for sale is slim, with only enough to last about 2 and a half months. And the numbers of pending sales in July was up a sturdy 13.6 percent. [Read this article]
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