Pending Home Sales Up in May

On the heels of yesterday's announcement that the Case Shiller home-price index rose for the first time in eight months comes another bit of good news. This time it's an uptick in pending home sales. Is it just a blip, or the beginning of a housing-market turnaround? HousingWire has the full story.

Pending home sales rose 8.2 percent in May after experiencing a downturn in April, with contract activity rising above year-ago levels for the first time since April 2010, the National Association of Realtors said Wednesday.