Pending home sales up 6.7% - Charlotte Business Journal:

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Pending sales of existing homes, or contractss signed but not closed, rose 6.7 percent in according to the ’ Pending Home Saleds Index. April’s pending sales were up 3.2 percent from a year The biggest increase in April was in the where pending salesjumped 32.6 percent from the previouzs month. They were up 0.8 percent from a year The index in the Southslippedx 0.2 percent in However, it is 3.5 percent higher than a year The association cautions that the reporting sample for pendinv home sales is smaller than that of existing home so it is subject to greater variability. The indexx measures housing-contract activity.
It is based on signed real estate contracts forexisting single-familyu homes, condos and co-ops. A signed contract is not counted as a sale untipl thetransaction closes.