A “For Sale” sign is posted in front of a single-family home in Hollywood, Fla., on Oct. 27, 2022. Joe Raedle/Getty Images
An uptick in pending home sales from May suggests the housing market may be regaining momentum after a largely lackluster spring selling season.
The National Association of Realtors (NAR) reported Wednesday that its Pending Home Sales Index—a measure of signed contracts for existing homes that have not yet closed—rose 3.8 percent in May from April and was up 4.9 percent from a year earlier.
