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  • US Pending Home Sales Rose 4.8% in June

    From nar.realtor

    Pending home sales in June ascended 4.8%, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – grew to 74.3 in June. Year over year, pending transactions were down 2.6%. An index of 100 is equal to the level of contract activity in 2001. "The rise in housing inventory is beginning to lead to more contract signings," said NAR Chief Economist Lawrence ... (full story)

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