The National Association of Realtors has reported a 4.8% increase in pending home sales in June 2024. The Pending Home Sales Index, based on contract signings, reached 74.3 in June, with all four U.S. regions seeing an increase in transactions. The chief economist at NAR, Lawrence Yun, noted that the rise in housing inventory has led to more contract signings, making the market more favorable for buyers. For more information, you can read the full report at the National Association of Realtors website.
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