5
May
May
Pending Home Sales rise in March-another sign that housing is recovering
For the second consecutive month, the number of homes under contract to sell increased — further evidence that housing markets may have already bottomed. As reported by an industry trade association, the Pending Home Sales Index rose by 3-plus percent last month. A “pending” home is one that’s under contract but has yet to close. This [...]
23
Mar
Mar
February existing home sales rise by 5.1 percent
By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer – Mon Mar 23, 12:46 pm ET WASHINGTON – Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties. Economists said [...]