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!
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