NAR Pending Home Sales Index Rises 5.9 Percent in May, MORe co-President Jack Persin on ?Brisk? Chicagoland Markets

The National Association of Realtors’ Pending Home Sale Index bounced back to positive territory in May, rising 5.9 percent to its highest level in two years.
With a reading of 101.1, the index is 13.3 percent higher than a year ago, when it was 89.2, and that’s the highest it’s been since April 2010, when contract activity increased from the first-time homebuyer tax credit.
Other details NAR singled out were:

Contract signings have increased year-over-year for 13 consecutive months.
The market is on track to see a 9 to 10 percent improvement in total ...

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