The National Association of Realtors reported that pending home sales in May 2015 climbed to their highest level in more than nine years.
This increase puts the housing sales level just below where it was in April 2006 – a year before the housing bust triggered the Great Recession.
See the 3 minute video with Lawrence Yun at www.realtor.org/videos/may-pending-home-sales-highest-since-2006.