US pending homes rise 0.4 percent in March

WASHINGTON (Reuters) – Contracts to buy previously owned homes rose less than expected in March as a dearth of properties for sale once again constrained activity. The National Association of Realtors said on Monday its pending home sales index nudged higher to a reading of 107.6, up 0.4 percent from February and the second consecutive monthly rise. January’s index was slightly downwardly revised to 107.2.


Source: Reuters