US Pending Home Sales Climbed in March on Improving Supply
Homes in the Issaquah Highlands area of Issaquah, Washington.
Photographer: David Ryder/BloombergPending sales of previously owned US homes climbed for a second month in March as a pickup in inventory helped mitigate higher borrowing costs.
An index of contract signings increased by 1.5% to a four-month high of 73.7, according to National Association of Realtors data released Tuesday. The median forecast of economists surveyed by Bloomberg was for a 0.5% advance.