US pending home sales rally in March

Note: This section contains information in English only.
Source: Bloomberg
The number of signed contracts to purchase US homes surged more than expected in March as cheap borrowing costs attracted buyers. The index measuring pending home deals jumped 4.1% to 101.4, reaching the highest reading since April 2010, National Association of Realtors said on Thursday. Experts questioned by Bloomberg predicted only a 1% gain. U.S. stocks advanced on the news. 

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