Pending-sales data signal sustained housing recovery

06/27/2013 | Bloomberg

Another indicator for the housing market surged in May, with pending sales of existing homes exceeding forecasts, increasing 6.7%. Data from the National Association of Realtors suggest that "even with limited choices ... some of the rise in contract signings could be from buyers wanting to take advantage of current affordability conditions before mortgage interest rates move higher," Chief Economist Lawrence Yun said.

View Full Article in:

Bloomberg

Published in Briefs:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
AIA
Arlington, VA
VP of Video Content Distribution
Calkins Media
Levittown, PA