Tag Archives: Pending-Home Sales

According to a new report from Redfin, the share of home sellers who dropped their asking price jumped to a six-month-high of 15% for the four weeks ending ...

Mortgage rates hit levels last seen in May 2020 to kick off the new year, with affordability remaining a hurdle faced by many first-time buyers due to record-high prices.

Homebuyers who purchased homes over the holidays paid high prices due to a surge in demand and an ongoing supply shortage.

Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.

After two months of declines, pending home sales found their way onto the path to recovery at the end of Q3 2021.

NAR is set to release their latest analysis of pending home sales, as buyer interest is increasingly waning due to high asking prices.

Both competition and the speed with which homes have been selling have passed their previous record-high peaks. However, most homes are still selling within two weeks and for more than list price.

A new study found that pending home sales fell in June, with record low rates not enough to lure potential homebuyers to a market currently experiencing a spike in prices.

Bidding wars and record high price tags did not slow pending home sales over the past month, as record-low mortgage rates are still luring buyers into the market.

Continued low inventory and increasing affordability issues remain obstacles in a market experiencing continued low rates, as NAR issues key data gauging the course of the market to wrap up Q2.