Pending home sales bounce back in June: NAR
Housing Wire
JULY 31, 2024
After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). The index rose from a reading of 70.8 in May to 74.3 in June, although the latter reading was down 2.6% on an annual basis. A reading of 100 is equal to the level of contract activity in 2001.
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