Talking Points …
- Contract signings to buy a home rose for the fifth straight month in May to the highest level in more than nine years, according to the National Association of REALTORS®.
- Pending home sales climbed 0.9 percent to 112.6 last month, the best pace since April 2006, which was ahead of the housing crisis.
- April’s level of 111.6 was slightly lower than first reported but is 10.4 percent above May 2014, putting sales on their best start since the downturn in 2007. Low mortgage rates and job growth have helped get buyers back into the market.