Industry NewsMarkets & Economy

NAR: 2012 home sales will be strongest in past 5 years

February pending sales up 9.2% from year ago
Published on Mar 26, 2012

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by CareyBot

The National Association of Realtors is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an "uneven but higher sales pattern" so far this year.

Pending home sales fell a seasonally adjusted 0.5 percent from January to February, which was up 9.2 percent from the same time a year ago, NAR said today in releasing its latest Pending Home Sales Index.

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