Pending home sales jump 3.2%

Is the housing meltdown ending?

Pending home sales rose in March for the second consecutive month and are up year over year. The Pending Home Sales Index from the National Association of Realtors showed a 3.2% gain to 84.6 from February, when it was 82. The index stands 1.6% higher than a year ago.

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http://money.cnn.com/2009/05/04/real_estate/March_pending_home_sales/index.htm?postversion=2009050413