http://www.marketwatch.com/story/pending-home-sales-surge-59-in-may-to-2-yr-high-2012-06-27
Pending home sales climbed 5.9% in May to match a two-year high, a trade
group said Wednesday. The National Association of Realtors said its
pending-home-sales index rose to 101.1 in May from 95.5 in April. The
index is 13.3% above May 2011 levels. May marked the highest level since
the scheduled expiration of the home buyer tax credit in April 2010. A
sale is listed as pending when the contract has been signed but the
transaction has not closed. An index of 100 is equal to the average
level of contract activity during 2001.
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