abc
QUICK LINKS:

Contracts to Buy US Homes Up, 1st Time Since June

Created: 04/28/2014 11:31 AM WDIO.com

WASHINGTON (AP) - 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 percent to 97.4 last month. Still, the index remains 7.9 percent 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.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Front Page

  • Blue Angels Practice For Weekend Air Show in Duluth

    It's breathtaking and maybe a little nerve racking to watch, but it's a typical day at the office for Lieutenant Commander John Hiltz. The Blue Angels went up for a practice run Thursday. They're in town for the Duluth Air Show that kicks off on Saturday.

  • Navy Divers Show Off Their Skills at Great Lakes Aquarium

    It may be time for the Duluth Air Show, but not all the action is up in the sky. Navy divers stopped by the Great Lakes Aquarium to dive with some local fish and show off their skills to the public. 

  • Northland Kids Hang Out With Navy Seals in Duluth

    Navy Seals were grounded Thursday, but they still entertained kids with the Boy and Girls Club. The eight-member parachute team was suppose to drop in at the Heritage Sports Center for a few hundred kids, but our weather changed the plans. Other fun was had for Navy Week Duluth.

  • How to Beat the Crowds at the Minnesota State Fair

    Some people pick their days at the Minnesota State Fair based on the weather, others on their work or school schedules. However, a lot of fair goers want to avoid the longest lines.

  • Political Candidates see Opportunity at State Fair

    Political candidates foraging for fall votes are settling in at the Minnesota State Fair. With more than 1.7 million people expected to roam the grounds during the 12-day run, candidates for governor, senator and other offices are shaking hands and spreading their messages.

 
Advertisement