Pending Home Sales in U.S. Climb 2.8 Percent in June

According to the National Association of Realtors, pending home sales in the U.S. continued to ascend in June 2019, marking two consecutive months of growth. Each of the four major regions recorded a rise in contract activity, with the West experiencing the highest surge. The Pending Home Sales Index, a forward-looking indicator based on contract signings, moved up 2.8% to 108.3 in June, up from 105.4 in May. Year-over-year contract signings jumped 1.6%, snapping a 17-month streak of annual decreases.

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