May Pending Home Sales Highest in Six Years - Buyers Want to
Buy before Rates Go Up!
Pending home sales rose in May to the highest level since
late 2006, implying a possible spark as mortgage interest rates began to rise. Contract
activity is at the strongest pace since December 2006 when it reached 112.8;
pending sales have been above year-ago levels for the past 25 months.
Existing-home sales are projected to increase 8.5 to 9.0
percent, reaching about 5.07 million in 2013, the highest in seven years; it
would be slightly above the 5.03 million totals recorded in 2007.
Learn more about buying real estate in New Orleans, New Orleans Homes and Condos
Learn more about buying real estate in New Orleans, New Orleans Homes and Condos
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