Tagged: pending homes sales

Following a 40-plus-year career with the home builder, Jon Jaffe is set to retire and be replaced by Stuart Miller, who will continue to serve as executive chairman and CEO of Lennar

Home sales under contact remained relatively the same as August with an uptick in sales forecast on the horizon, as lower rates, improved affordability, and higher inventory begin to draw more buyers back into the market

New home listings in December 2024 were up nearly 8% compared to last year

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.