Tag Archives: Pending-Home Sales

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.

Affordability remains a major stumbling block for homebuyers, with a dwindling supply forcing more to hold off making a home purchase.

Here’s what economists attribute the increase to, and why they describe the winter housing market as “incredibly swift."

Click through to read what is causing angst amongst prospective homeowners in the current market.

Click through to read more on the national inventory and new for-sale listings.