Declining mortgage rates drove an increase in pending home sales, pushing the index forward 1.1% in May, according to the latest report from the National Association of Realtors. Despite this increase, NAR’s Chief Economist Lawrence Yun said the housing market is still in need of inventory, as home builders have not ramped up construction to the extent needed.
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Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148