Pending home sales climbed in April, the third straight month of rising sales.
The number of homes going under contract for sale rose 1.4 percent compared with the previous month, surpassing economist forecasts for a one percent gain. Sales are up 3.2percent year over year, according to the National Association of Realtors. The better-than-expected result signals measured buyer demand despite economic uncertainty and rising mortgage rates.
The increase reflects contracted sales that will typically close 30 to 45 days later, providing a forward-looking indicator of the broader housing market. Regional performance was uneven: the Northeast led…
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