The National Association of Realtors is reporting that pending home sales have reached a 9-year high, yet another sign of the market's recovery.
The Pending Home Sales Index (PHSI) rose 0.9 percent from April to May and 10.4 percent from the previous year, the highest mark since April of 2006.
The news for the Midwest was a bit more moderate, a 0.6 percent fall from April but a 7.8 percent increase from the previous year.
For more information, head over to Chicago Agent Magazine here.