| The housing recovery is gathering strength as another data release shows further gains. The National Association of Realtors reported that Pending Sales of Previously Owned Homes rebounded in July.
The Pending Sales of Previously Owned Homes Index, which gathers information from houses under contract as reported by multiple listing services and large real estate brokers, surged 2.4% last month. This increase, which surpassed expectations of a 1.0% gain, follows a June decline of 1.4%. July's number brings the year-over-year growth to 15.0% for this index on a seasonally-adjusted basis...............................................Full Article: Source
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