Tuesday, July 29th23.4°C
21450
22455

Contracts to buy US homes rose for 1st time in 9 months in March, pointing to higher sales

WASHINGTON - More Americans signed contracts to buy homes in March, the first increase since June and a sign that the housing market may pick up after a sluggish start to the year.

The National Association of Realtors says its seasonally adjusted pending home sales index rose 3.4 per cent to 97.4 last month. Still, the index remains 7.9 per cent below its level a year ago.

Pending sales are a barometer of future purchases: A one- to two-month lag usually exists between a signed contract and a completed sale.

The gain in signed contracts partly reflects a recovery from the harsh winter. Snowstorms and freezing temperatures kept many potential buyers away from open houses. Since last summer, a limited supply of available homes has pushed up prices and discouraged many buyers.

The Canadian Press


Read more Business News

21411


Recent Trending




Today's Market
S&P TSX15483.13+37.91
S&P CDNX1013.83-6.02
DJIA17004.5321.94
Nasdaq4458.56+13.65
S&P 5001980.02+1.11
CDN Dollar0.9210-0.0051
Gold1310.00+6.70
Oil100.64-1.03
Lumber322.30-0.70
Natural Gas3.747-0.001

 
Okanagan Companies
Pacific Safety0.195+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.19+0.04
Cantex0.065-0.005
Anavex Life Sciences0.2650.00
Metalex Ventures0.08+0.01
Russel Metals35.19+0.04
Copper Mountain Mining2.89-0.08
Colorado Resources0.22-0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.02-0.03
Mission Ready Services0.17-0.02

 



21336

FEATURED Property
2002488617 Boynton Place
3 bedrooms 3 baths
$349,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22707