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Video: March Pending Home Sales Rise

April 26, 2012

In this video, NAR Chief Economist Lawrence Yun says that the first quarter of 2012 was the best first quarter in five years, and that contract signings imply that the second quarter will be just as good. He also talks about new home inventory, which is at a 50-year low, due to small builders being shut out of the market because of the difficulty in obtaining construction loans.