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NAR: Pending home sales dip in June nationally, inch up for Northeast

Jul 31, 2015
After five consecutive months of increases, pending home sales slipped in June but remained near May’s level, which was the highest 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 June, fell 1.8 percent to 110.3 in June but is still 8.2 percent above June 2014. Despite last month’s decline, the index is the third highest reading of 2015 and has now increased year-over-year for 10 consecutive months. 
 
The index in the Northeast inched 0.4 percent to 94.3 in June, and is now 12-percent above a year ago.
 
To read the entire NAR press release, click here.
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