Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
Pending Home Sales
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Will mortgage rates allow for ‘peak’ homebuying season?
It’s quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. Our weekly pending home sales data continues to run about 3% below last year.
2025 could be the last year of inventory shortage
New data shows many signs that 2025 may be the final year of widespread housing inventory shortages, as long as certain factors align.
Home sales are stalled with 7% mortgages
Buyer activity has been dropping and the housing market is on hold until mortgage rates drop.
Pending home sales rise again as buyers capitalize on more inventory
The National Association of Realtors reported that pending home sales jumped 2.2% month over month and 6.9% year over year in November.
Active listings climb as the end of 2024 nears
Months of supply edged up 0.6% year over year to 4 months, indicating a balanced market and cooling competition.
Jump in pending home sales foreshadows positive end to the market in 2024
The 77.4 reading for NAR’s pending sales index is the highest mark since March and the third highest going back to December 2023.