Pending Home Sales Up, Market Still Down

Ad Feedback

More Americans signed contracts to buy homes last month but analysts say it's still not enough to signal a rebound in the housing market.

Housing contract agreements rose 5.1 percent in March, the highest level in almost a year.

Still, home sales today are half the pace of those in 1963, despite there being 120 million more people living in the United States.

High unemployment and strict lending standards are still preventing some people from buying homes.

Economists say it will be years before the housing sector recovers.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

 CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.