The housing market saw a brief reprieve last month — thanks to lower mortgage rates and an uptick in sales listings
More Americans signed on the dotted line to buy a home last month, but the factors that have tested the nation’s housing market are likely to eat into sales in the months to come.
Pending home sales rose 8% in May compared with April, the National Association of Realtors reported Wednesday. Economists polled by MarketWatch had projected a 1% decrease for pending home sales in May.
Jacob Passy | MarketWatch