PENDING Home Sales are UP

Pending home resales rise More people are starting to buy homes, according to the National Association of Realtors.
The NAR's index of pending home resales rose an unexpected 6.3% in April to a reading of 88.2, the highest level in six months. "Bargain hunters entered the market en masse, especially in areas that have experienced double-digit price declines, but it's unclear if they are investors or owner occupants," Lawrence Yun, NAR's chief economist, said in a statement.
The number of pending home resales is down 13.1% from April of last year.