By Christopher S. RugaberAssociated PressThu Jun 27, 2013 9:12 AM
WASHINGTON — The number of people who signed contracts to buy U.S. homes jumped in May to the highest level in more than six years, a sign home sales will rise in the months ahead.
The National Association of Realtors said Thursday that its seasonally adjusted index for pending home sales rose 6.7 percent to 112.3 last month. That’s the highest level since December 2006. Signed contracts have risen 12.1 percent in the past 12 months.
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