Number of Contracts to Buy Homes at Highest Level Since May 2015

WASHINGTON -- More Americans signed contracts to buy homes in March as the spring home buying season got underway. ┬áThe National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index rose 1.4 percent to 110.5, the highest level since May 2015. Pending sales rose 3.2 percent last month in the Northeast and 3 percent in the South. After rising sharply over the past three years, states in the West registered a 1.8 percent decline in pending home sales last month and a … [Read more...]