http://seattletimes.nwsource.com/html/businesstechnology/2018540149_apuspendinghomesales.html
Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years.
The National Association of Realtors said Wednesday that its index of sales agreements increased to 101.1 last month from 95.5 in April. That matches March’s reading, the highest since April 2010, when a home-buying tax credit boosted sales.
Sales of new and previously occupied homes are up over the 12 months. Builders are starting more projects. And prices are rising in most markets.
Home prices increased in 19 of 20 major U.S. cities in April from March, according to the Standard & Poor’s/Case-Shiller index, released Tuesday. A measure of national prices rose 1.3 percent in April, the first increase in seven months.
In May, contract signings increased in all regions. The largest rise was in the West, where the index jumped 14.5 percent in May. Signings rose 6.3 percent in the Midwest, 4.8 percent in the Northeast, and 1.1 percent in the South.
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