Recent Positive Real Estate News

RECENT POSITIVE SIGNS FOR HOMEBUYERS AND SELLERS:

• Existing-home sales moved higher in April for the second consecutive month, according to the National Association of Realtors (NAR).
• NAR’s pending home sales index rose for the third consecutive month in April to the highest level in more than a decade.
• The U.S. Department of Commerce reported that sales of newly built homes rose to the fastest pace in more than eight years in April.
• According to the U.S. Department of Commerce, housing starts rose 6.6 percent in April.
• Fannie Mae’s Home Purchase Sentiment Index rose to an all-time high in May as consumers were more upbeat about their paychecks and home selling.