U.S. pending home sales rise in May

FAN Editor 5 years ago
FILE PHOTO: For Sale signs stand in front of houses in a neighborhood in Davenport
FILE PHOTO: For Sale signs stand in front of houses in a neighborhood in Davenport, Florida, U.S., June 29, 2016. REUTERS/Phelan Ebenhack

June 27, 2019

WASHINGTON (Reuters) – Contracts to buy previously owned homes increased in May, the National Association of Realtors said on Thursday.

The NAR’s pending home sales index increased to a reading of 105.4, up 1.1% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 1.0%.

(Reporting by Jason Lange; Editing by Paul Simao)

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