Pending Home Sales Up For Third Straight Month
Pending home sales have increased for the third consecutive month, reaching a level not seen since November. The National Association of Realtors reported a 1.4% rise in the pending home sales index for April, bringing it to 74.8. This trend suggests a potential recovery in the housing market as more buyers are entering the market.
- ▪The pending home sales index rose 1.4% in April to 74.8.
- ▪This marks the third consecutive month of increases in pending home sales.
- ▪The current level is the highest since November.
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