The Pending Sales Index, which tracks signed real estate contracts for existing single-family homes, co-ops and condos–not new construction–have not only increased in March, but are above last year’s level. Have we hit a plateau? Things do seem to be leveling out, according to the National Association of Realtors.
The percentage change in March is only 1.5, but should you want more thorough information, these two scintillating gentlemen are happy to provide it. The man on the viewer’s left is especially fascinated by what his colleague is saying, so listen sharply.