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Index Suggests Home Sales Are Set to Increase


6/2/2009 9:45:26 PM

In another sign that the housing market may have begun to recover, the number of people who signed contracts to purchase homes increased for the third month in a row.

WSJ's Nick Timiraos says that there is more good news for housing as the pending home sales index has risen for the third straight month, but may not entirely be out of the woods yet.

The National Association of Realtors said its index of pending-home sales rose 6.7% in April to 90.3 from 84.6 in March. Increases in contract signings typically lead to more sales a month or two later.

Continue Reading At The Wall Street Journal

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