"The number of homes under contract to be sold rose unexpectedly in April as buyers went bargain hunting, according to a report released Monday.
The Pending Home Sales Index from the National Association of Realtors (NAR) rose to 88.2 in April, up 6.3% from March's reading of 83 and the highest level since October. The increase defied the consensus estimate of economists polled by Briefing.com, which forecast pending sales to fall by 1%."
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Pending home sales jump to highest since October
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