Home > Uncategorized > Pending Home Sales increase 5.3%

Pending Home Sales increase 5.3%

Pending Home Sales for March increased 5.3% beating the initial estimate of 5.0% but down from the previous months  reading of 8.3%. Most of the recent gains can be attributed to homebuyers taking advantage of the expiring Tax Credit. While the overall housing market seems stronger than this time last year we may see moments of volatility throughout the recovery. Until we can observe how the markets react without the government stimulus, it will be difficult to gauge the strength of the housing market.

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