Reported about 10 hours ago
Contracts for the purchase of previously owned homes in the U.S. rose 1.8% in May, surpassing forecasts of a 0.1% increase, according to the National Association of Realtors. Despite this uptick, high mortgage rates continue to limit buyer activity. Pending home sales also showed a 1.1% increase from the previous year, bolstered by steady job growth and rising wages, though mortgage fluctuations remain a significant factor in homebuying decisions.
Source: YAHOO