Tag Archives: Pending-Home Sales

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.

Commentary on the report called the increase a “spectacular recovery” and a testament to desire of the American consumer.

Also coming in The Week Ahead, CoreLogic will release its latest Case-Shiller Index, the Census Bureau will reveal its construction spending report, and the House Financial Services Committee will hold a hearing with the Federal Reserve on its response to COVID-19.

The latest data represents the second consecutive month of declines. How far did the index drop?

The latest drop was attributed to a “coronavirus-induced shutdown.” Click through for more information.