Insatiable demand drives July pending home sales up 15% annually

Aug 27, 2020 |

U.S. pending home sales rose 5.9% in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said […more]

Posted in: San Francisco

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