Pending Home Sales, which measures signed contracts on existing homes and is a good leading indicator for Existing Home Sales, were up 3.8% in March. This was much stronger than the 0.7% gain expected. Pending Home Sales are now down 1.2% year over year. This was a solid report, due to the same factors we discussed when covering the New Home Sales Report. Since this report measured consumers out there shopping in March, lower rates and the recovery in the Stock market were realized and helped the psyche of the buyer. We think this will continue to get stronger as we move into April.