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VOL. 43 | NO. 17 | Friday, April 26, 2019

US pending home sales rose 3.8% in March

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WASHINGTON (AP) — More Americans signed contracts to purchase homes in March compared to the prior month.

The National Association of Realtors says that its pending home sales index climbed 3.8% to 105.8. Home sales have been recovering as mortgage rates have retreated after the average 30-year rate peaked at just below 5% in November. Still, pending home sales are running 1.2% below their pace a year ago.

The pace of home price growth has also slowed after years of being consistently higher than wage gains, reducing the affordability pressures for would-be buyers.

Pending sales is a measure of home purchases that are usually completed a month or two later.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0