U.S. Pending Home Sales Surge Much More Than Expected In March

Pending location income successful the U.S. surged by overmuch much than expected successful the period of March, according to a study released by the National Association of Realtors connected Thursday.

NAR said its pending location income scale spiked by 3.4 percent to 78.2 successful March aft jumping by 1.6 percent to 75.6 successful February. Economists had expected pending location income to emergence by conscionable 0.3 percent.

A pending location merchantability is 1 successful which a declaration was signed but not yet closed. Normally, it takes 4 to six weeks to adjacent a contracted sale.

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