After reporting a substantial rebound in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing another significant increase in pending home sales in the month of June.
NAR said its pending home sales index surged up by 16.6 percent to 116.1 in June after skyrocketing by 44.3 percent to 99.6 in May. Economists had expected pending home sales to jump by 15.0 percent.
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