The positive news just keeps coming in from the U.S. housing market, with data from the National Association of Realtors showing that pending home sales were up 5.9% in May. That’s the highest pending home sales level since 2010, and the upside is being felt in every U.S. region. This time, it looks like the rise in home sales contracts signed is a natural one too. In March 2010, the last time home contracts were this high, homebuyers were rushing to sign new home deals before the first time homebuyer tax credit expired.
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