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Houston home sales post record rebound

from Houston Chronicle

Houston home sales post record rebound Houston Chronicle Sales of single-family homes rebounded sharply in June, reversing two months of steep declines and logging a record number of closings, new data show, a result of pent-up demand and low mortgage rates. A flurry of contracts signed in May after stay-at-home orders expired and the state began to reopen businesses drove closings to a new monthly high in June. Buyers closed on 9,328 single-family homes, up 15.7 percent from the previous June, the Houston Association of Realtors said Wednesday. READ MORE

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