The National Association of Realtors (NAR) released its March Pending Home Sales Index, a forward-looking indicator based on contract signings. March’s PHSI is part of a two-month upward trend and is the highest PHSI in almost a year. “Despite supply deficiencies in plenty of areas, contract activity was fairly strong in a majority of markets in March,” said NAR Chief Economist Lawrence Yun in a press release …
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