David Deem 714-997-3486 Dave@DeemTeam.com Pending home sales reached a 44.3 percent monthly increase in May—a new record, according to the National Association of REALTORS® (NAR).   After two previous months of declines, pending home sales are showing a market rebound, with every major region recording a month-over-month increase. According to NAR, the  Pending Home Sales Index  (PHSI) increased to 99.6 in May—the highest MoM growth since NAR began the series in January 2001. Since the same time last year, pending home sales have fallen 5.1 percent.   NAR expects  existing home sales  to reach 4.93 million units in 2020, with new  home sales  potentially hitting 690,000. In addition, in 2021, NAR expects sales to rise to 5.35 million units for existing homes and 800,000 for new homes.     Regional Breakdown:   Northeast +44.4% MoM – Now 61.5 PHSI -33.2% YoY   Midwest +37.2% MoM – Now 98.8 PHSI -1.4% YoY   South +43.3% MoM ...