【NAR】Pending Home Sales Edge Higher 0.7% in May

• Pending home sales broke a six-month skid with a slight rise of 0.7% from April.
• Pending sales in the Northeast accelerated 15.4% in May, the largest monthly increase among the four major U.S. regions.
• Compared to a year ago, three out of four regions – Northeast, South, and West – posted double-digit pending sales declines, while sales dropped by 8.8% in the Midwest.

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