Tag Archives: Pending Home Sales Index (PHSI)

While pending home sales in the west rose, the other three major regions experienced declines.

NAR reports that in all regions, contract signings decreased from the prior month, and from one year ago, as some potential buyers momentarily pause their home search heading into Q4.

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

More demand for a diminishing supply continues to benefit home sellers nationwide as more and more are fighting for a smaller piece of the housing pie.

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

NAR will examine trends in the market, taking a closer look at the regional factors that are shaping the spring homebuying season.