Pending Home Sales Increase in All Regions

Based on the National Association of Realtors’ (NAR) Pending Home Sales Index, each region within the United States experienced an increase in home purchase contract signings. The NAR states that pending home sales “rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010.” The western region of the country holds strong in pending home sales as “the index surged 12.9 percent to 100.6 and is 13.5 percent above May 2010.”  http://bit.ly/iEHSQT

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