nar reports home sale increase: Pending Home Sales Continue to Climb
- 05/06/10 03:07 PM
In yet another sign of stabilization within the U.S. housing market, pending home sales continued the climb upward in March, the National Association of Realtors (NAR) reported Tuesday.NAR’s Pending Homes Sales Index (PHSI), a forward-looking indicator based on contracts signed in March, rose 5.3 percent from February and was 21.1 percent above March of last year. This increase follows an 8.3 percent jump in February and affirms that a surge of home sales is unfolding for the spring home buying season, NAR said.The month-to-month jump in pending sales surpassed analysts’ predictions. According to a Reuters poll, analysts were expecting pending home … (0 comments)
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In yet another sign of stabilization within the U.S. housing market, pending home sales continued the climb upward in March, the National Association of Realtors (NAR) reported Tuesday.NAR’s Pending Homes Sales Index (PHSI), a forward-looking indicator based on contracts signed in March, rose 5.3 percent from February and was 21.1 percent above March of last year. This increase follows an 8.3 percent jump in February and affirms that a surge of home sales is unfolding for the spring home buying season, NAR said.The month-to-month jump in pending sales surpassed analysts’ predictions. According to a Reuters poll, analysts were expecting pending home … (0 comments)
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