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July 30, 2020

Home buying jumped in June; 6% over 2019

  • Contract signings are now 6.3% ahead of where they were last year after being significantly behind last year's pace due to the pandemic.
    • By MATT OTT
    AP Business Writer

    SILVER SPRING, Md. — The number of Americans signing contracts to buy homes rose for the second straight month after a devastating spring freeze brought on by the coronavirus outbreak.

    The National Association of Realtors said Wednesday that its index of pending sales rose 16.6%, to 116.1 in June, its highest level since 2006. That's up from a reading of 99.6 in May.


     
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