Redfin analysts theorize that pending sales for starter homes have strengthened due to easing mortgage rates
Tagged: Pending Home Sales
Inventory is getting stale, agents say, due to continued high rates, payments
June sales data from NAR shows pending sales 4.8% higher than May
The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19
High home prices and interest rates keep buyers and sellers stagnant, Redfin reports.
National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest
NAR reports 1.6% increase month-over-month.
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?