Yesterday, the National Association of Realtors (NAR) released their Pending Home Sales Report for July showing an improvement in sales activity with the seasonally adjusted national index rising 1.3% from June to stand 1,4% above the level seen in July 2015.
The following chart shows the seasonally adjusted national pending home sales index along with the percent change on a year-over-year basis as well as the percent change from the peak set in 2005 (click for larger version).