Apr
27
Pending Sales of Existing Homes in U.S. Rise More Than Forecast
By-
Index of signed contracts reaches a 10-month high in March
-
Gauge last month climbs 2.9 percent from a year earlier
More Americans than forecast signed contracts to purchase previously owned U.S. homes in March, an encouraging sign as the housing market was entering its busiest selling season of the year.
The index of pending home resales climbed 1.4 percent to a 10-month high after a revised 3.4 percent gain in February, the National Association of Realtors said Wednesday in Washington. The median forecast of economists surveyed by Bloomberg called for an increase of 0.5 percent…
Pending Sales of Existing Homes in U.S. Rise More Than Forecast
