Pending Home Sales Rise By 8.3% In December
While overall pending home sales enjoyed an impressive boost, the Midwest, South, and West regions led the way, while the Northeast experienced a slight setback.
While overall pending home sales enjoyed an impressive boost, the Midwest, South, and West regions led the way, while the Northeast experienced a slight setback.
Rising mortgage rates and limited inventory cast a shadow on real estate market.
Regional variability noted as South and West show signs of recovery.
Despite monthly gains, all regions report year-over-year transaction declines; housing market recovery stagnates amid lack of supply.