On July 29, 2020, National Association of Realtors® (NAR) reported that nationwide pending contract signed home sales jumped 16.6% to an index of 116.1 in June of 2020 from an index of 99.6 in May of 2020, and gained 6.3% from June of 2019.
Pending home sales index in the Northeast rose 54.4% to an index of 95.4 in June of 2020 from May of 2020, but declined 0.9% from June of 2019.
Pending home sales index in the Midwest increased 12.2% to an index of 110.9 in June of 2020 from May of 2020, and higher 5.1% from June of 2019.
Pending home sales index in the South up 11.9% to an index of 140.3 in June of 2020 from May of 2020, and soar 10.3% from June of 2019.
Pending home sales index in the West grew 11.7% to an index of 99.6 in June of 2020 from May of 2020, and gained 4.7% from June of 2019, according to NAR on July 29, 2020.
Lawrence Yun, NAR chief economist, stated “Consumers are taking advantage of record-low mortgage rates resulting from the Federal Reserve’s maximum liquidity monetary policy.”
Fore complete information, on National Association of Realtors's June of 2020 pending home sales report, please click HERE
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