Pending home sales hit their highest level in nine years in April, a sign that last month’s sales decline for existing homes may be only temporary.
The National Association of Realtors’ Pending Home Sales Index, which is based on contract signings, jumped to 112.4 in April, rising for the fourth consecutive month. That’s its highest level since May 2006. All four regions of the country saw more contract signings in April, led by the Northeast and Midwest.
“Realtors are saying foot traffic… …read more