Pending home sales up 6.7% - Charlotte Business Journal:

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Pending sales of existing homes, or contracts signedf but not closed, rose 6.7 percent in according to the ’ Pendintg Home Sales Index. April’s pending sales were up 3.2 percenty from a year The biggest increase in April was in the where pending salesjumped 32.6 percent from the previoua month. They were up 0.8 percent from a year The index in the Southslippecd 0.2 percent in April. However, it is 3.5 percent higher than a year earlier. The association cautione that the reporting sample for pending home salex is smaller than that of existinghome sales, so it is subjectg to greater variability. The index measured housing-contract activity.
It is basedd on signed real estate contracts forexistingf single-family homes, condos and co-ops. A signes contract is not counted as a sale until thetransaction