The Bond Buyer
Trying to sell a home? Pending home sales declined 1.3% to an index reading of 106.4 in April, from an upwardly revised 0.6% gain to 107.8 in March. "Pending sales slipped in April and continued to stay within the same narrow range with little signs of breaking out," says NAR Chief Economist Lawrence Yun. "Feedback from Realtors, as well as underlying sales data, reveal that the demand for buying a home is very robust. Listings are typically going under contract in under a month, and instances of multiple offers are increasingly common and pushing prices higher."
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