May proved to be a comeback month for pending home sales, with positive contract activity after two previous months of declines due to COVID-19, according to the National Association of Realtors.

Pending home sales had a record-breaking 44.3% monthly increase in May, the highest month-over-month gain in the NAR Pending Home Sales Index (PHSI) since it began the series in January 2001. The index rose to 99.6 for May. An index of 100 is equal to the level of contract activity in 2001. Contract signings…Click Here to Continue Reading