Pending Home Sales Up 10% from Last Year
Washington, DC, May 30, 2013 -- Pending home sales edged up 0.3% in April, the National Association of Realtors reported Thursday.
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Despite April's slight gain, pending sales increased 10.3% from a year ago, hitting the highest level in three years.
"The housing market continues to squeak out gains from already very positive conditions," said Lawrence Yun, NAR's chief economist.
The index increased to 106 in April from 105.7 in March and 96.1 in April 2012.
Pending home sales rose 11.5% in the Northeast and 3.2% in the Midwest but fell 7.6% in the West and 1.1% in the South.