June Sees Increase in Pending Home Sales Contract Signings

The National Association of Realtors (NAR) announced the most recent data for their Pending Home Sales Index. Pending home sales contract signings “rose 2.4 percent to 90.9 in June from 88.8 in May and is 19.8 percent above the 75.9 reading in June 2010, which was the low point immediately following expiration of the home buyer tax credit.” While activity decreased in the Midwest and Northeast, the activity in the South and West increased. Overall, all regions showed double-digit gains from a year ago. http://bit.ly/r0ebpL

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