Existing Home Sales increase in April

The number of U.S. home buyers who purchased a previously owned home in April was the largest monthly jump in eight years. The National Association of Realtors announced its seasonally adjusted index of sales contracts signed in April surged 6.7 percent to 90.3, far exceeding analysts' forecasts. It was the biggest monthly jump since October 2001, when pending sales rose 9.2 percent.

Could the market be turning around? Interest rates are creeping up, also a sign that the market may be improving. If you are thinking about buying a home, don't miss out on the low rates!