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Pending Sales of Existing Homes in U.S. Rise More Than Forecast

Source: Bloomberg
As an encouraging sign that the housing market is entering its busiest selling season of the year, more Americans than forecast signed contracts to purchase previously owned U.S. homes in March. According to the National Association of REALTORS®, the index of pending home resales climbed 1.4 percent to a 10-month high after a revised 3.4 percent gain in February. Some economists had projected an increase of 0.5 percent. The advance in pending sales in March helps lay the ground for a pickup in demand for previously owned properties in coming months, which should sustain the housing rebound. Notably, pending purchases fell 1.8 percent in the West thanks to a major supply deficiency, while the three other regions saw an increase in purchases.
pending home for sale

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Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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CA Department of Real Estate Lic.# 01960213
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