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A sold sign sits outside at a new home in Nashville, Tenn. The National Association of Realtors repo...

U.S. pending home sales climb to 9-year high

WASHINGTON – More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level in more than nine years.

The National Association of Realtors said Monday that its seasonally adjusted pending home sales index rose 0.9 percent to 112.6 last month. The index has increased 10.4 percent over the past 12 months, putting it just below the April 2006 level – which was more than a year before...

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    WASHINGTON – High rents are worth it.

    At least that’s the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they’re more satisfied living in those cities than do renters in far more affordable areas such as Milwaukee, Albuquerque and Detroit.

    The finding comes from a survey released by Apartment List, a San Francisco-based...


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