Video: Pending Home Sales Up in May

Jun 27, 2012

4:46

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In this video, NAR Chief Economist Lawrence Yun says that May marked the 13th consecutive month of year-over-year sales increases, which implys a sustainable recovery of the housing market. He also talks about underwater homeowners holding on to their property, waiting for home values to rise before selling, and about the barrier to new construction caused by difficulties in obtaining construction loans.

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