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NAR: Pending home sales maintain momentum in May, increase for Northeast

Jun 30, 2015
Pending home sales continued to rise in May and are now at their highest level in more than nine years, according to the National Association of REALTORS (NAR). 
 
The Pending Home Sales Index, a forward-looking indicator based on contract signings in May, climbed 0.9 percent to 112.6 in May from a slight downward revision of 111.6 in April and is now 10.4-percent above May 2014. The index has now increased year-over-year for nine consecutive months and is at its highest level since April 2006. 
 
The index in the Northeast increased 6.3 percent to 93.9 in May, and is now 10.6-percent above a year ago.
 
To read the entire NAR press release, click here.
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