Pending home sales rose across all U.S. regions in May, led by the Northeast with an 8.7% monthly and 6.1% annual increase, reversing previous slow sales amid low inventory. The Midwest saw an 8.1% monthly rise and the highest annual gain at 9.3%. The South and West had smaller increases. Supply shortages in the Northeast remain a concern, needing more inventory to ease price growth. Kansas City, San Antonio, and Minneapolis showed the largest annual sales gains.
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