Pending home sales increased to a reading of 89.0 in June from a downwardly revised 84.5 in May, according to an index released yesterday by the National Association of Realtors.

IFR Markets’ poll of economists had predicted an 84.3 reading. The May reading was initially reported as 84.7. But year-over-year the pending homes sales index was down 12.3% in June.

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