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  • US Pending Home Sales Climb in April to Highest Level since May 2006

    From realtor.org

    Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions saw increases in April. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 3.4 percent to 112.4 in April from a slight upward revision of 108.7 in March and is now 14.0 percent above April 2014 (98.6) — the largest annual increase since September 2012 (15.1 percent). The index has now increased year-over-year for eight consecutive months and is at its ... (full story)

Cyclical, with a grain of salt.
With all the talk about FED interest rates rising, it makes sense for people to buy a house now versus waiting. I think this best explains demands in the housing market until September.
Released by the National Association of Realtors from a website called realtor.org..... Can I make a club and start releasing economic data too?
maybe just chewing the possible interest hike coming in near future?
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