US pending home sales held steady in April

A "Sale Pending" sign hangs in front of a property in San Francisco, Tuesday, April 18, 2023.

Washington, DC (CNN) — US pending home sales held steady in April, remaining unchanged after dropping in March, according to data released Thursday by the National Association of Realtors. After beating expectations in February, the pending home sales index dropped in March and was the first decline since November amid tight inventory and buyer uncertainty.

The pending sales index, a forward-looking indicator based on signed contracts to buy a home rather than the final sales that are accounted for in existing home sales, recorded no change from March to April, nationally, remaining at 78.9.

Forecast Update

FIRST WARN FORECAST: T-Storm chances pick up starting Tuesday evening.

May 29, 2023 @ 7:49 pm

News 8 Now First Warn Meteorologist Erik Dean has the latest 8-Day Forecast.

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Clear. Lows overnight in the upper 50s.
Mostly clear. Low around 58F. Winds SE at 5 to 10 mph.
Mostly sunny. Highs in the upper 80s and lows in the mid 60s.