Most Shared

Weather Alert

Lake Effect Snow Advisories

Lake effect snow Advisory in Wyoming County starting at 4 PM today lasting through 5 AM Friday. For Wayne County the advisory begin at 7 PM tonight lasting through 1 PM tomorrow. Expect 2-4" in the most persistant bands.

WHAM13 - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Contracts to buy U.S. homes up

Washington (AP) -- More Americans signed contracts to buy homes in March, the first increase since June and a sign that the housing market may pick up after a sluggish start to the year.

The National Association of Realtors says its seasonally adjusted pending home sales index rose 3.4 percent to 97.4 last month. Still, the index remains 7.9 percent below its level a year ago.

Pending sales are a barometer of future purchases: A one- to two-month lag usually exists between a signed contract and a completed sale.

The gain in signed contracts partly reflects a recovery from the harsh winter. Snowstorms and freezing temperatures kept many potential buyers away from open houses. Since last summer, a limited supply of available homes has pushed up prices and discouraged many buyers.

 
Advertise with us!

Contests

Washington Times