Looks like we're out of surgery and in the recovery room -- and a positive pulse prevails. Hot off the press data show pending home sales increased 4.1% in March, month-over-month. The index currently stands at 12.8% above March 2011.
Forecasts from a variety of sources support the strengthening pulse thesis. Barclays Capital recently noted that the spring selling season appears to have arrived with enough strength to “kick-start a positive feedback loop in housing for the first time since 2005.” Barclays forecasts . . . (read more at Bowden's Beat).
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