Pending home sales up for first time in nine months

Pending home salesBy Kent Hoover | Phoenix Business Journal

Good news on housing — pending sales of existing homes rose in March for the first time in nine months. The National Association of Realtors’ index of pending home sales, which is based on contract signings, rose 3.4 points to 97.4 in March. That’s still nearly 8 points below where it was a year earlier, however.

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