FLASH: More on The Trump Policies ‘working’; Contracts to buy previously owned homes rose to 8-month highs in March, the National Association of Realtors said Tuesday.
The NAR’s pending home sales index increased to a reading of 105.8, +3.8% from the previous month and the highest since July. February’s index was unrevised at 101.9.
Economists polled by Reuters had forecast pending home sales rising 1.1% last month.
Pending home contracts are seen as a forward-looking indicator of the health of the housing market because they become sales 1 to 2 months later.
Compared to 1 year ago, pending existing home sales were down 1.2%, marking the 15th month running of annual decreases.
The Trump Policies have turned this leading indicator around, it is on the rise.
Making and Keeping America Great!
Latest posts by Paul Ebeling (see all)
- LA, a Major US City, has 1,000’s of People Eating and Defecating in its Streets - August 21, 2019
- Expose Yourself to Sunlight - August 20, 2019
- Savvy Managed Money Back to Stocks in 2 Weeks - August 20, 2019