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http://www.google.com/hostednews/ap/article/ALeqM5jljsJcu7uX4H65Rj0zDRmPQvMEQAD9ET3AG00
The biggest month-to-month increase was in the Midwest, where pending sales jumped nearly 22 percent. Sales climbed 9 percent in the South and Northeast, but fell about 5 percent in the West.
However, the housing market will be tested in the second half of the year as government support fades away.
Unless the tax incentive is extended again, the jump in home sales "will prove temporary, and another setback will occur before too long," wrote Joshua Shapiro, chief U.S. economist at MFR Inc. |
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