Demand for Homes Continues to Show Recovery

The National Association of Realtors’ index of pending home sales rose 9.2 percent in February from a year earlier, and the number of contracts signed to buy homes was down just 0.5 percent from January. Investor purchases of foreclosed properties continue to propel rising demand for homes. Still, home builders and realty agents say many contracts are falling through because buyers are having problems qualifying for mortgages amid tough underwriting guidelines. | Read More