Pending Home Sales Rise for 5th Straight Month

Pending Homes Sales of previously owned US homes rose at a faster-than-expected pace in June according to real estate experts. 

The National Association of Realtors also reported that its pending homes sales index rose significantly in June for the fifth month straight.

“Historically low mortgage interest rates, affordable home prices and large selection are encouraging buyers who’ve been on the sidelines,” said NAR chief economist Lawrence Yun.

Another indicator that the housing market is turning around!