Sales remained steady leading up to Election Day
Tagged: Pending Home Sales
Economists conflict on sales predictions for remainder of 2024
However, higher prices and mortgage rates are slowing demand.
U.S. pending home sales decline most in four Florida metros
Both Redfin and Realtor.com's September 2024 reports highlight the impact of falling mortgage rates on buyer demand and seller activity
Pending home sales rose modestly in August by 0.6%
Redfin reported sales of existing homes fell 3.1% year over year in August; Fannie Mae's September 2024 commentary anticipates the annual pace to be the slowest since 1995
Applications remained unchanged from July, but estimated new home sales increased almost 15% over the month, said the MBA.
Contract signings down in all four U.S. regions
Redfin analysts theorize that pending sales for starter homes have strengthened due to easing mortgage rates