News & Information: Real Estate News

Pending sales nationwide increase 14.4 percent

Wednesday, May 30, 2012  
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Pending home sales are 14.4 percent higher than a year ago but retrenched in April following three consecutive monthly gains, according to the National Association of REALTORS®.

Lawrence Yun, NAR chief economist, says a one-month setback in light of many months of gains does not change the fundamentally improving housing market conditions. "Home contract activity has been above year-ago levels now for 12 consecutive months. The housing recovery momentum continues,” he says.

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