NPR : News

Filed Under:

Contracts For Home Sales Rose Sharply In May

"Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels," the National Association of Realtors reports. The association says that:

"The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 5.9 percent to 101.1 in May from 95.5 in April and is 13.3 percent above May 2011 when it was 89.2. The data reflect contracts but not closings. ...

" 'The housing market is clearly superior this year compared with the past four years,' says NAR chief economist Lawrence Yun."

According to Bloomberg News, pending sales rose more than forecast — the second economic indicator to do that today. Earlier, the Census Bureau reported that orders for durable goods rose a stronger-than-expected 1.1 percent in May from April.

Reuters says economists were expecting that NAR would report pending home sales rose 1 percent in May.

Copyright 2012 National Public Radio. To see more, visit

WAMU 88.5

The Music And Legacy Of Motown

Motown founder Berry Gordy and director Charles Randolph-Wright of “Motown the Musical" join Diane for a conversation about the history of Detroit's famous sound.

WAMU 88.5

Will Montgomery County Go "Bottoms Up" On Liquor Laws?

Since Prohibition, Montgomery County has held the purse strings on liquor sales, meaning the county sells every drink from beer to bourbon to local bars and restaurants. But local business owners are pushing back from this system, claiming it lacks efficiency and leaves customers waiting. County officials say they are holding out for alternatives that protect those within the industry. We discuss both sides of the issue today.

WAMU 88.5

Exelon's Chief Strategy Officer On Its Proposed Takeover Of Pepco

Kojo chats with Exelon's chief strategy officer about the company's vision for electric service in the Washington region, and its argument for why its acquisition of Pepco is in the best interest of customers.

WAMU 88.5

Computer Guys And Gal

Another year is coming to a close and the Computer Guys And Gal are here to discuss this year's biggest technology news, including the growth of virtual reality and the "Internet of Things."

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.