• File ID: 352064
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  • Pending contracts for the sale of previously owned homes rose in March by the highest margin in almost 3 years indicating that, with the spring selling season almost here, the residential housing market is exhibiting signs of stabilization. The impending home sales index grew by 3.4% which is the greatest increase since May 2011 and the very first rise in the last three quarters according to the National Association of Realtors. In February 2014, there had been a decline of 0.5% that was less than the number initially documented. The projection for the median growth is an increase of 1% and the index is a bit more than 7% under the figure for the past year.

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