Pending home sales rose 6.1% in March, indicating growth in the housing market
From GlobeNewswire: 2025-04-30 10:00:00
Pending home sales in March surged by 6.1%, with the South experiencing the largest increase. Year-over-year, contract signings rose in the Midwest but declined in the Northeast, South, and West. Mortgage rates dropped in March, contributing to the rise in pending home sales. The National Association of Realtors® reported that the Pending Home Sales Index increased by 6.1% in March, reaching 76.5. Despite regional variations, the overall housing market is showing signs of growth, with the spring homebuying season expected to bring in more buyers and sellers.
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