A Mixed Bag; Pending Sales Down in April, But Historically High

May 31, 2017 Staff Writer

Year-over-year pending home sales indexes are down across the country in April for a second straight month due to a lack of inventory and an increase in prices. However, home sales activity still remains historically high, even during the downturn. Experts believe the market is still on track to post end-of-the-year increases, especially once real-estate investors decide to unload their rental properties.

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