Pending Home Sales Index Rises in June again
According to the National Association of Realtors (NAR) pending home sales rose in June marking the fifth consecutive month of gains. This is an encouraging sign of life for the US housing market.
NAR says it's pending home sales index rose 3.6% to 94.6 from the upward revised reading of 91.3 in May.
The 94.6 was much higher than economist's expectations of 91.2.
When was the last time there were 5 consecutive months of gains with pending home sales? July 2003.
If you are considering purchasing a new home while home prices remain low and mortgage rates are still near all time lows give me a call. Together we will determine the best mortgage loan that will meet your long and short term goals.
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