Contracts to buy U.S. homes rose modestly used in April, a sign of stabilization in the housing market that had been affected by a rise in mortgage rates and the harsh winter.
The National Association of Realtors (NAR, for its acronym in English) reported that its index of pending home sales, based on contracts signed last table, rose 0.4 percent to 97.8.
Analysts had expected a 1.0 percent advance.
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