US Pending Home Sales Rise for 3rd Straight Month in April: NAR

The National Association of Realtors said buyers are entering the market with ‘cautious optimism’ amid economic uncertainty and rising mortgage rates.

A “For Sale” sign is posted in front of a home in San Anselmo, Calif., on March 22, 2023. Justin Sullivan/Getty Images

Pending home sales across America increased by 1.4 percent in April, the third straight month of growth, according to a May 19 report from the National Association of Realtors (NAR). Year-over-year, sales grew by 3.2 percent.

According to the NAR report, pending home sales grew month over month in three of four regions in April, with only the South posting a decline.