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Pending home sales surge in May (access required)

Pending home sales jumped sharply in May, showing the largest monthly gain since April 2010, a new National Association of Realtor report reveals. The Pending Home Sales Index rose 6.1 percent in May to a level of 103.9 from 97.9 in April. The index is derived on a national sample of 20 percent of existing-home sales. ...

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