New home listings in December 2024 were up nearly 8% compared to last year
Tagged: pending homes sales
Twelve days out from the presidential election, Redfin says homebuying demand and pending sales are performing well
Redfin analysts theorize that pending sales for starter homes have strengthened due to easing mortgage rates
More home-purchase agreements canceled than any other July on record
Economists say market is pricing out buyers
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.