Pending home sales are up for the fifth consecutive month. NAR's forward-looking Pending Home Sales Index for June indicates signed contracts rose 3.6 percent to an index level of 94.6 from an upwardly revised reading of 91.3 in May. The last time there were five consecutive monthly gains was in July 2003.
For more information, click here: http://www.realtor.org/press_room/news_releases/2009/08/uptrend_pending
*Source Realtor.org
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