Home Sales rose four months in a row!

April Pending Home Sales rose for the fourth month in a row, to the highest level since 2006. This National Association of Realtors (NAR) index of signed contracts on existing homes was up 3.4% for the month, and 14.0% over a year ago, its eighth month in a row of annual increases. Realtor.com’s chief economist said, “All this bodes well for continued momentum into May and June.” The NAR’s chief economist added, “Homeowners looking to sell this spring appear to be in the driver’s seat, as there are more buyers competing for a limited number of homes available.”

Leave a Reply

You must be logged in to post a comment.