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Pending Home Sales See Surprise Rebound In May

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by , 06-28-2022 at 09:29 AM (38 Views)
      
   
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A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association of Realtors on Monday, though experts warn that higher mortgage rates will continue to weigh on demand.

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