NAR reports 1.6% increase month-over-month.
Tagged: Pending Home Sales
NAR report shows regional disparities in transactions, highlighting sensitivity to mortgage rate changes.
National Association of Realtors points to potential recovery led by Midwest and South, while emphasizing homebuilders' role in replenishing housing inventory.
In the midst of a 15.4% sales drop, home prices stubbornly climb - is the housing bubble about to burst again?
All four national regions report a slump in monthly and annual transactions, emphasizing the need for better rates and increased housing inventory.
NAR says housing market remains resilient, with approximately 3 offers for each listing.
Mortgage rates at 7-month high, lack of listings sidelining homebuyers.
Lack of inventory, high mortgage rates holding down sales of existing homes, NAR says.
NAR's Pending Home Sales Index fell 5.2% to 78.9 in March, the lowest level since November 2022.
NAR's Pending Home Sales Index rose 0.8% in February.