Comment on Contracts to buy US homes hit highest level since April

Contracts to buy US homes hit highest level since April

WASHINGTON (AP) — More Americans signed contracts to buy homes last month as warm weather and rising confidence appeared to encourage consumers to look for houses. Lawrence Yun, the Realtors' chief economist, suggested that a rising stock market had helped bolster confidence. Investors bid up rates in part out of expectation that President Donald Trump's plans to cut taxes and increase spending on defense and infrastructure would raise economic growth and inflation.

 

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