Pending Home Sales at Highest Level in 2 Years

June 27, 2012  by in UnCategorized   

By Aggregated Content in economic news on June 28, 2012 from http://thedailyrecord.com/2012/06/27/contracts-to-buy-u-s-homes-rise-match-2-year-high/

Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will continue.

The National Association of Realtors said Wednesday that its index of sales agreements increased to 101.1 last month from 95.5 in April. That matches March's reading, the highest since April 2010, when a home-buying tax credit boosted sales.

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