MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7
The National Association of Realtors says the number of pending home sales rose 3.2 percent in July -- that's more than analysts predicted.
Home sales have now reached their highest level in two years, as first time buyers rush to take advantage of a tax credit that ends in November.
Sales are expected to drop when that tax credit expires.
Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget