Pending home sales up in February

Real Estate Growth

The National Association of Realtors reports that pending home sales rose by 2.4 percent in February compared to January and 9.4 percent year-over-year. Strong numbers were found in all four major regions of the country.

The news shows that the housing market was strong prior to the COVID-19 shutdown.

Analysts point out that man of the home sales will likely be pushed back into late summer and autumn.