After months of stagnant activity, pending home sales rose in March, marking the first gain in the past nine months, according to the National Association of REALTORS®.
Lawrence Yun, NAR chief economist, said a gain was inevitable. “After a dismal winter, more buyers got an opportunity to look at homes last month and are beginning to make contract offers,” he said. “Sales activity is expected to steadily pick up as more inventory reaches the market, and from ongoing job creation in the economy.”
http://www.realtor.org/news-releases/2014/04/pending-home-sales-increase-in-march
