New Home Sales Contracts Increase in June
Categories: Real Estate Trends
Mortgage availability appears to have been considerably higher in June, as pending home sales improved from the month before, according to the National Association of Realtors.
The associations Pending Home Sales Index indicates a rise of 2.4 percent from May. By months end, the national PHSI was 90.9 nearly 20 percent higher than the same month in 2010.
Lawrence Yun, chief economist for NAR, stated the numbers for June are solid, especially considering pending home sales increased in May as well.
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