Property News

CNBC's Rick Santelli and Diana Olick report on new consumer confidence and pending home sale data, which came in much stronger than expected.

The recent weakness in the housing market could be turning around, thanks to a steep drop in mortgage interest rates. Consumers signed more contracts to buy existing homes than expected in June.

Home prices continue to gain, and while the gains were still shrinking in May on a national level, some markets are seeing stronger price appreciation yet again.