Economics
U.S. Pending Home Sales Rose Less Than Forecast on Tight Supply
- Contract signings increased 1.9% in March, led by Northeast
- Prices forecast to rise 9.2% this year, Realtors group says
A realtor uses a smartphone to provide a virtual video tour of a home for sale in Sacramento, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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A gauge of U.S. pending home sales rose less than forecast in March, signaling a lack of available properties is keeping some buyers sidelined even though demand for homes remains strong.