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Pending home sales jump 6.7 percent
June 2, 2009 @ 1:00 PM | 
Lower prices and attractive mortgage rates are breathing new life into housing, with one measure of sales posting its fourth increase in the last five months.
Pending sales of existing homes, or contracts signed but not closed, rose 6.7 percent in April, according to the National Association of Realtors. April’s pending sales were up 3.2 percent from a year ago, the NAR says.
The biggest increase in April was in the Northeast, where pending sales jumped 32.6 percent from the previous month.
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