Pending home sales rise again in March

Video is from www.Realtor.org. Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in …

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Pending Sales Increase

Pending home sales were up 13.6 percent in California from December to January, with distressed properties accounting for more than half of pending transactions, according to a new index compiled by the California Association of Realtors®. C.A.R.’s pending home sales index surveys more than 70 Realtor® associations and multiple listing services, and uses 2008 sales …

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