NAR: Pending home sales maintain momentum

Pending home sales increased for the second consecutive month in March and reached their highest level in almost a year, according to the National Association of REALTORS (NAR).The Pending Home Sales Index, a forward-looking indicator based on contract signings in March, climbed 1.4 percent to 110.5, 1.4 percent above March 2015. The index increased 3.2 percent in the Northeast to 97 in March, and is now 18.4 percent above a year ago. To read the entire NAR press release,click here.