Pending home sales spike a record 44.3% in May, as homebuyers rush back into the market
June 29, 2020 at 10:00 AM EDT
Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That beat expectations of a 15% rise. Sales were still 5.1% lower compared with May 2019.