Thursday 28 May 2015

Will Strong Pending Home Sales Propel Housing Stocks?

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.

In a sign that more prospective homebuyers are moving off the sidelines, pending home sales rose to their highest level in nine years in April, according to a National Association of Realtors report Thursday. Led by the Northeast and Midwest, all four major regions saw increases in April. The Pending Home Sales Index, which is based on contract signings, increased 3.4% to 112.4 in April from a slight upward revision of 108.7 in March. The index is

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