231540 Resource 119244 120646 120646 1241448803011 1241448803011 Controlled March Pending Home Sales Rise Are we seeing glimmers of a housing market recovery? <p><font size="2" face="verdana,arial,helvetica,sans-serif">March pending home sales showed an increase, possibly pointing to glimmers of <b>recovery in the housing market</b>. This news comes as a pleasant surprise for many, offering the second month in a row that pending home sales have risen. <a href="http://money.cnn.com/2009/05/04/real_estate/March_pending_home_sales/index.htm?section=money_topstories" target="_blank" title="march pending home, home sales, pending home sales, housing market, housing market recovery, mortgage rates, home prices">CNN Money reports on the numbers for March pending home sales</a>:</font></p> <blockquote> <p><font size="2" face="verdana,arial,helvetica,sans-serif"><b>Pending home sales</b> rose in March for the second consecutive month and are up year over year. The Pending Home Sales Index from the National Association of Realtors showed a 3.2% gain to 84.6 from February, when it was 82. The index stands 1.6% higher than a year ago.</font></p> </blockquote> <p><font size="2" face="verdana,arial,helvetica,sans-serif">There are hopes that this could mean that the <b>housing market meltdown is coming to an end</b>. Indeed, it is rather helpful that pending home sales are on the rise. Help from <a href="http://www.banks.com/blogs/mortgages/2009/04/30/30-year-mortgage-rates-drop-to-record-low-again/" target="_blank" title="march pending home, home sales, pending home sales, housing market, housing market recovery, mortgage rates, home prices">low mortgage interest rates</a>, government incentives (such as tax credits) and lower home prices are probably contributing to the recovery. </font><br /></p> <blockquote> <p> </p> </blockquote> 9 application/xml false home prices home sales housing market housing market recovery march pending home mortgage rates pending home sales Economic Data and the FX Market The economy and currency trading http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.10) Gecko/2009042315 Firefox/3.0.10 GTB5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 119244 blog blogsite/GFTForex/web