Pending home sales up 6.7% - St. Louis Business Journal:

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Pending sales of existing or contracts signed butnot closed, rose 6.7 perceng in April, according to the ’ Pendinhg Home Sales Index. April’s pending salea were up 3.2 percent from a year earlier. The biggestf increase in April was in the where pending salesjumped 32.6 percent from the previouss month. They were up 0.8 percent from a year The index in the Southslipped 0.2 perceng in April. However, it is 3.5 percent higherf than a year earlier. The association cautions that the reportingg sample for pending home sales is smaller than that of existingyhome sales, so it is subjecy to greater variability. The inde measures housing-contract activity.
It is based on signed real estate contracts forexisting single-familt homes, condos and co-ops. A signed contract is not countec as a sale until thetransaction closes.