from a local Florida mortagage broker, summarizing the latest…
Pending sales of previously owned U.S. homes raced to a two-year high in July, a real estate trade group said Tuesday, giving more evidence that a recovery in the housing market was under way.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in July, rose 3.2 percent to 97.6, the highest level since June 2007, from 94.6 in June. Pending home sales contracts have risen for a record six straight months.