AgentIndustry News

NAR’s pending home sales index slips in June, but not by much

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Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the people and ideas that will inspire you and take your business to new heights. Register today and save $100 with code Readers. Takeaways: Pending home sales fell 1.8 percent in June 2015 from the previous month. June 2015 pending home sales are still 8.2 percent above year-ago numbers. The share of first-time homebuyers is only modestly improving, said NAR Chief Economist Lawrence Yun. Pending home sales in June may have backslid slightly from this summer’s hot streak, but sales are still up considerably compared to a year ago, according to the most recent numbers released by the National Association of Realtors. NAR’s Pending Home Sales Index for June shows that pending home sales slipped, but not by much. They still remained near May’s level, which was the highest in almost a decade, and the index has now incre...