According to comprehensive reports from Worldway: Xinhua News Agency, Washington, D.C. — A report released by the National Association of Realtors shows that, driven by declining mortgage rates and increased housing inventory, the U.S. Pending Home Sales Index for May reached 103.9. This is higher than the revised figure of 97.9 from the previous month, though lower than the 109.6 recorded during the same period last year. Notably, the 6.1% month-over-month increase marks the largest gain since April 2010, indicating that the real estate market is showing signs of recovery after shaking off the downturn experienced at the beginning of the year.
Worldway Editor
