Pending home sales soared above last year’s levels in March, making it the 23rd consecutive month that has exceeded levels seen one year ago from the date, according to the National Association of Realtors. The National Association of Realtors pending home sales index increased by 1.5% in March 2013, 7% higher than levels seen in March 2012. Lawrence Yun, chief economist for the NAR expects that pending home sales will continue to increase as more jobs are created and household wealth rises. More here
