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NAR: Pending home sales climb in April nationally, bounce back in the Northeast

May 28, 2015
Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of REALTORS (NAR).
The Pending Home Sales Index, a forward-looking indicator based on contract signings in April, increased 3.4 percent to 112.4 from a slight upward revision of 108.7 in March and 14 percent above April 2014, the largest annual increase since September 2012. The index has now increased year-over-year for eight consecutive months and is at its highest level since May 2006.
After falling four straight months, the index in the Northeast bounced back solidly to 88.3 in April, 9.4 percent above a year ago.
To read the entire NAR press release, click here.
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