Real Estate Outlook: Pending Home Sales Rise in April - What Realty time does not say?

According Realty times article pending sales rose 6.3 percent during April. "Be thankful for even small nuggets of good news. A rise in pending home sales is a positive and encouraging sign for sellers, buyers and real estate professionals" - author said.

Is that really a reason to see a light in the dark? What the author did not say?

1. Have the inventory on the market increased and with how many percent?
2. How long is the inventory on the market staying?
3. Pending does not mean closed sales, especially in this mortgage market.

It is the simple low of economics - supply vs. demand. When the inventory comes on the market faster than coming off, we have depreciating market and prices needs to stabilizing or going down. Conversely , if the inventory going of the market faster than coming in, we are in appreciating market and prices need to going up.

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