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NAR: Pending home sales tick up in July

Aug 31, 2016
Pending home sales expanded in most of the country in July and reached their second highest reading in over a decade, according to the National Association of REALTORS (NAR). 
 
The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 1.3 percent to 111.3 in July from a downwardly revised 109.9 in June. It is now 1.4 percent higher than July 2015. The index is now at its second highest reading this year after April. 
 
In the Northeast, the index moved up 0.8 percent to 96.8 in July and is now 1.1 percent above a year ago.
 
To read the entire NAR press release, click here
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