Sales and Prices Suggest Housing is Gaining Momentum in Spring: April's
target annual sales rate for existing homes is an increase of 2.3 percent from March and 11.8 percent from April 2014."Among the factors contributing to the jump in March's existing home sales, pent-up demand from weak sales in January and February probably played a significant role," EVP Rick Sharga said. " Consumer psychology is likely also at play here: with talk of the Fed hiking interest rates as early as June, buyers who've been sitting on the sidelines may have decided to buy now and lock in today's historically low interest rates." Read more.
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