Pending home sales hit 9-year high

NAR’s data for June show strong sales, list prices and buyer interest

Home sales are off to their best year since before the financial collapse, according to the National Association of Realtors. According to the association’s Pending Home Sales Index (PHSI), a predictor of housing market activity based on contract signings, contract activity rose again in May for the fifth straight month and is at its highest level since April 2006.