The Real Deal Miami

Pending home sales rise in April

June 02, 2009 04:15PM

Pending home sales rose 6.7 percent in April, according to numbers released today by the National Association of Realtors. It’s the third consecutive monthly increase and a 3.2 percent rise from April 2008. NAR chief economist Lawrence Yun said the numbers are starting to reflect the impact of the $8,000 first-time buyer tax credit. In the Northeast, the pending home sales index rose 32.6 percent and is 0.8 percent higher year-over-year. The index fell 0.2 percent in the South but is still 3.5 percent above where it was a year ago. TRD