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NAR US Pending Home Sales Report Shows 1.5% Increase in March
Pending home sales in March increased by 1.5% from the prior month and declined 1.1% year over year, according to the National Association of REALTORS® Pending Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales under contract. Month-over-month pending home sales rose in the Northeast and South, and declined in the Midwest and West. Year-over-year pending home sales rose in the South, and declined in the Northeast, Midwest and West. “Contract signings rose in March despite higher mortgage rates, pointing to pent-up ... (full story)
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