Tuesday, May 4, 2010

Pending Home Sales Hit 5-Month High in March, But...

Pending sales of previously owned U.S. homes rose more than expected to a five-month high in March.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in March, increased 5.3 percent to 102.9.

The surge here was a buyers rush to sign contracts before the housing tax credit expired. With this twist to the government manipulation of the economy over, expect a weaker number for April.

No comments:

Post a Comment