Pending sales of existing homes continue rising in U.S.

05/5/2009 | Yahoo!

For the second month in a row, the National Association of Realtors Pending Home Sales Index, which tracks sales under contract but not closed, posted a gain, an increase of 3.2% in March. The data demonstrate that "as far as the housing sector is concerned, we are getting near the bottom," said Nigel Gault, chief U.S. economist at IHS Global Insight.

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