The March reading of pending home sales is out. Sales jumped 1.5% from last month. Economists were looking for a 1.0% gain. However, February's reading was revised down to -1.0% from an initial reading of -0.4%. "Contract activity has been in a narrow range in recent months, not from a pause in demand but because of limited supply," said Lawrence Yun of the National Association of Realtors. "Little movement is expected in near-term sales c ...
http://www.businessinsider.com/march-pending-home-sales-2013-
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