partlycloudy
Monday August 3rd, 2015 1:13PM

Pending sales of US homes slips from 6-year high

By The Associated Press
WASHINGTON (AP) - The number of Americans who signed contracts to buy homes dipped in June from a six-year high in May, a sign that completed sales could stabilize in the next month or two.

The National Association of Realtors says its seasonally adjusted index for pending home sales ticked down 0.4 percent to 110.9 in June. The May reading was revised lower by a percentage point to 111.3, but it was still the highest since December 2006.

The slight decline suggests higher mortgage rates may be starting to slow sales. Still, signed contracts are 10.9 percent higher than they were a year ago. There is generally a one- to two-month lag between a signed contract and a completed sale.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 1 year ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 1 year ago )
Kerry seeks framework for Mideast peace talks
A senior State Department official says Secretary of State John Kerry will try this week to get Israel and the Palestinians to agree on a framework for negotiating a final peace agreement, yet cautions against raising expectations for Kerry's latest round of shuttle diplomacy.
1:35PM ( 1 year ago )
U.S. News
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 1 year ago )
Amtrak to suspend some Crescent service in Jan., Feb.
Amtrak service will shut down in parts of the Southeast for several days in January and February for rail maintenance by Norfolk Southern Railway.
9:00AM ( 1 year ago )
Lung cancer scans urged for some smokers, not all
Certain current or former heavy smokers should start getting yearly scans for lung cancer to cut their risk of death from the nation's top cancer killer, government advisers said Monday - even as they stressed that the tests aren't for everyone.
7:26AM ( 1 year ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 1 year ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 1 year ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 1 year ago )
Local/State News
Auburn man charged in fatal hit-and-run in Buford
An Auburn man faces charges in connection with a fatal hit-and-run accident that killed 24-year-old motorcyclist Scott Mosely.
12:54PM ( 19 minutes ago )
Car crashes into Lawrenceville business; driver seriously injured
One person is listed in serious condition after crashing a car through the front of a picture framing business in Lawrenceville Monday morning.
12:33PM ( 40 minutes ago )
Man charged with DUI in fiery crash in northwest Hall County
A Marietta man has been charged with drunk driving in a two-vehicle crash that injured four people Sunday night in northwest Hall County.
By AccessWDUN Staff
11:43AM ( 1 hour ago )
Boil water advisory issued for some Mt. Airy customers
The Town of Mt. Airy is experiencing a water outage for all customers north of the Old Schoolhouse on Dicks Hill Parkway.
11:40AM ( 1 hour ago )
Authorities identify body found in Lanier
Hall County authorities have released the name of the Buford woman whose body was discovered Sunday afternoon in Lake Lanier.
10:01AM ( 3 hours ago )