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NAR: Pending home sales surge nationally and for the Northeast

Jun 30, 2014
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of REALTORS (NAR). 

The Pending Home Sales Index, a forward-looking indicator based on contract signings in May, increased 6.1 percent to 103.9. In the Northeast, the index jumped 8.8 percent to 86.3, 0.2 percent above a year ago.

To read the entire NAR press release, click here.
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