Contract signings for home sales jumped in March, which could indicate a reversal of slowing many markets have experienced this spring. Pending home sales—a forward-looking indicator of home sales based on contract signings—climbed 6.1% in March compared to February. The rise in pending home sales could hint at a turnaround, says Lawrence Yun, NAR’s chief economist.
Full article here: Signs Point to a Coming ‘Buildup of Buyers’
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