An index of contract signings from the National Association of Realtors climbed 3.4% to highest since February 2023.
Despite the March gain, pending home sales are still “in a fairly narrow range over the last 12 months without a measurable breakout,” NAR’s chief economist, Lawrence Yun, said in a release.
Today, we got a broad picture of the labor market ahead of tomorrow's employment report and mortgage rates rose.
Second-lowest sales for a March since 1988. Only March 2008, amid a global financial collapse, had fewer purchases.
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US distiller Heaven Hill Brands is exploring avenues to reduce its workforce at its Kentucky site to make it “more efficient and flexible”.