Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of Realtors®.
Lawrence Yun , NAR chief economist, said the index is at the highest level since April 2010, which was shortly before the closing deadline for the home buyer tax credit. “While the month-to-month movement has been uneven, more importantly we now have 15 consecutive months of year-over-year gains in contract activity,” Yun said.
Click here for the full article courtesy of Walter Moloney, NAR.
