Markets & Economy

Pending home sales surge on growing inventory, lower mortgage rates

NAR: First-time homebuyers still constrained by tight credit and declining affordability
Published on Jun 30, 2014

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by CareyBot

The number of homes that went under contract in May leaped from the previous month as lower mortgage rates and growing home inventory stimulated buyer activity, according to a report from the National Association of Realtors. Pending home sales — ...

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