Real Estate Outlook: Pending Sales Up
Signs of recovery in the housing market and the national economy keep popping up – and are even beginning to surprise veteran analysts on Wall Street and elsewhere.
Though economists had expected the latest pending home sales index to be down – after all, February saw the worst weather in decades in large parts of the U.S. – the numbers actually took a big bounce.
The National Association of Realtors reported that pending sales jumped 8.2 percent for the month and were 17 percent higher than they were at the same time last year.
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