Pending home sales in July grew 5.2% to a reading of 79.4 from a revised 2.8% decrease in June, according to an index released Thursday by the National Association of Realtors.
Year over year, the pending home sales index was down 19.1% from last July, when it was 98.1. Sales rose in all U.S. regions.
“Home sales will remain soft,” said NAR chief economist Lawrence Yun. “Recovery looks to be a long process.”
"Each party in this deal benefits in some way," said Seema Mohanty, founder of Mohanty Gargiulo.
The California Supreme Court will hear a case challenging the state's 2013 pension changes, after seemingly settling the issue with a 2020 ruling.
The "impressive" investor appetite for tax-exempts has been "holding steady all quarter despite expensive valuations, supply surges and periods of low reinvestment demand," said GW&K Investment Management strategists in a report.
As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.
The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.
A Utah law may be tapped to issue bonds to renovate a downtown Salt Lake City basketball arena to accommodate the former Arizona Coyotes.
