Pending sales rise (!) in June

Pending sales of existing homes were supposed to drop by about two percent. Instead, they rose 2.4% — and that’s after an 8.2% jump from April to May.

Of course, as the linked article points out not all those contracts will close, what with lenders being so stingy. But still, it looks like some good news on the demand side.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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