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Pending Home Sales Decline in April but Up Strongly From a Year Ago

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WASHINGTON (May 30, 2012) – Pending home sales retrenched in April following three consecutive monthly gains, but are notably higher than a year ago, according to the National Association of Realtors® ®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 5.5 percent to 95.5 from a downwardly revised 101.1 in March but is 14.4 percent above April 2011 when it was 83.5.  The data reflects contracts but not closings… Read More

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