June shows resurgence in pending home sales, according to NAR

Pending home sales saw a significant increase of 4.8% in June, rebounding from a previous all-time low in May. This positive shift in the housing market, as reported by the National Association of Realtors, indicates a potential increase in home buying activity.

Key points:
– Pending home sales rose by 4.8% in June
– Previous data had shown all-time low in May
– Data sourced from the National Association of Realtors
– Increase in pending home sales suggests an uptick in home buying activity
– Positive indicator for the housing market moving forward

You can read this full article at: https://www.housingwire.com/articles/pending-home-sales-bounce-back-in-june-nar/(subscription required)

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