Yun: Fed's Recent Rate Hike Was Unnecessary
NAR Chief Economist says he expects Fed to stop boosting rates.
NAR Chief Economist says he expects Fed to stop boosting rates.
NAR's Pending Home Sales Index fell 5.2% to 78.9 in March, the lowest level since November 2022.
Home sales are trying to recover and are highly sensitive to changes in mortgage rates, NAR economist says.
NAR's Pending Home Sales Index rose 0.8% in February.
Older buyers are dominating the market, and changing how homes get purchased.
Jump 14.5%, the largest increase since July 2020, as record streak of home-price increases ends at 131 months.
30-Year Fixed-Rate Is At 6.6%
It was the second straight monthly increase, and the largest since June 2020.
January marks 12th straight month of declines.