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Pending Home Sales Move Forward in February

Today's market report from the National Association of Realtors:

"Lawrence Yun, NAR chief economist, says pending sales made promising strides in February, rising to the highest index reading since last July (109.8). "After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by mortgage rates dipping to their lowest levels in nearly a year1 and a modest, seasonal uptick in inventory2," he said. "Looking ahead, the key for sustained momentum and more sales than last spring is a... Read the full story here.

 

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