Pending Home Sales Head Back Up
Dated: August 6 2018
INFO THAT HITS US WHERE WE LIVE... After dipping two months in a row, Pending Home sales went up 0.9% in June--in all four U.S. regions. This National Association of Realtors (NAR) index of signed contracts on existing homes points to higher sales for July.
The NAR's chief economist believes the worst of the supply crunch has possibly passed. And Realtor.com's chief economist noted, "markets on both coasts and in the South reported inventory increases in July."
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