U. S. pend­ing home sales climb

Los Angeles Times - - TECHNOLOGY -

More Amer­i­cans signed con­tracts to buy homes in May, as pend­ing sales climbed to their high­est level in more than nine years.

The Na­tional Assn. of Real­tors said its sea­son­ally ad­justed pend­ing home sales in­dex rose 0.9% to 112.6 last month. The in­dex has in­creased 10.4% over the past 12 months, putting it just be­low the April 2006 level — which was more than a year be­fore the hous­ing bust trig­gered the Great Re­ces­sion.

Pend­ing sales in­creased in the higher- priced North­east and West mar­kets last month, while dip­ping in the Mid­west and South.

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