Pending Home Sales, a gauge of upcoming home sales, ticked higher in March after eight straight months of declines said The National Association of Realtors Monday.
However, the pending home sales were down 7.9% compared with March 2013. The year-over-year decline indicates that would-be buyers are still struggling with prices and mortgage rates that are higher than a year earlier.
Considering the above, economists claim that the housing market is still in weak conditions.
In this kind of environment, it is hard to sell your house.
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