Pending Home Sales Up 12.4% From Last Year
Existing home sales could see a boost next month, according to an industry survey that looks at contracts that have been signed but not yet finalized.
The Pending Home Sales Index rose 6.4% in August to its highest level in more than two years. In the last 12 months signed contracts have advanced by 12.4%.
“The rise in pending home sales shows buyers are returning to the market,” said Lawrence Yun, chief economist at the National Association of Realtors, who publish the report. …(read more)
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