Park Meadows Blog

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3.

Critical to boosting the economy is the need to stem the rising tide of foreclosures and boost homebuyer confidence in the housing market, the National Association of Realtors® told Members of Congre

This according to The 2009 Growth and Transportation Survey sponsored by NAR and Transportation for America.

NAR President McMillan: "The American Recovery and Reinvestment Act is important for the economy and contains important housing provisions."

Existing-home sales eased in March but first-time buyers are responding to low mortgage interest rates and tax credits, according to the National Association of Realtors®.