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Black wealth, African American money: the future for Black America

Pending Home Sales Numbers Start to Rebound

The number of home sales contracts signed in April continued to bouce back from record lows hit last winter, according to a widely watched industry report. This is the third consecutive month of gains.

The Pending Home Sales Index from the National Association of Realtors rose 6.7% in April after jumping 3.2% in March. That was far above the forecasts of experts surveyed by Briefing.com, who predicted a 0.5% increase. The index was 3.3% higher than 12 months earlier.

Pending home sales are a forward-looking indicator since many of the contracts don’t result in completed deals for many weeks or months.

 

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June 2, 2009 - Posted by | Uncategorized

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