South Leads Housing Market Uptick

0:00Pending home sales ticked up 1.5% in March, signaling some stability in the housing market. The South, including Texas, led the pack with the strongest gains, outpacing other regions across the board. This index tracks contract signings on existing homes, giving a heads up on closings in the next one to two months. The South saw increases both from last month and compared to last year, while the Northeast and Midwest dipped. This point to modest recovery and buyer demand, driven by population booms and job growth hitting the South hardest. That regional edge keeps drawing folks despite national hurdles. Existing home sales dropped 3.6% in March, to a seasonally adjusted annual rate of 3.98 million. Still, the South notched a rare year over year win, highlighting its resilience. All this points to an uneven rebound, with affordability and inventory still key wildcards, but the South's momentum could pull the rest along if. Trends hold.

1:00That's your Dallas News Today update, AI powered and always on.