Breaking News: National Association of Realtors May Pending Home Sales…DRAMATIC Increase!
….home sales increased with the seasonally adjusted national index jumping 8.2% over April and increasing 13.41% above the level seen in May 2010.
“Some markets have made a rapid turnaround, going from soft activity to contract signings rising by more than 30 percent from a year ago, including areas such as Hartford, Conn.; Indianapolis; Minneapolis; Houston; and Seattle.”
Great reason to celebrate..finally, an increase in pending home sales. Watch this entire National Association of Realtors video. You need to hear directly from our economist what the headwinds are for a continued recovery for our industry.