Tagged: Pending Home Sales

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.

It was the second straight monthly increase, and the largest since June 2020.

Redfin report also shows year-over-year improvement.

Redfin report finds that areas with the biggest pending sales declines were pandemic homebuying hotspots.

Sixth-straight monthly decline occurred even as mortgage rates dipped.