Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates

Econ & Housing

A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC.Saul Loeb | AFP | Getty ImagesPending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors. That broke a six-month streak of…

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