US Pending Sales of Existing Homes Increase by Most Since 2023
A home for sale in Atlanta, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Pending sales of previously owned US homes rose in March by the most in more than a year as a brief dip in mortgage rates and a rising supply of houses brought out spring shoppers.
An index of contract signings climbed 6.1%, the most since December 2023, to 76.5, according to a monthly index from the National Association of Realtors. The median projection in a Bloomberg survey of economists called for a 1% gain.