Pending Home Sales Post First Year-over-Year Gain in More than a Year


With the help of lower mortgage rates, pending home sales continued to grow in June. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 2.8% from 105.4 in May to 108.3 in June. On a year-over-year basis, sales were 1.6% higher than a year… Read More ›

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