Pending home sales drop to the lowest level on record in January
Pending sales, which are based on signed contracts for existing homes, dropped 4.6% from December to the lowest level since the National Association of Realtors began tracking this metric in 2001. Sales were down 5.2% from January 2024. These sales are an indicator of future closings.
In January, just over 41,000 U.S. home-purchase deals, or 14.3% of contracts, fell through, the highest rate for this time of ...
Elevated home prices and high mortgage rates are keeping buyers at bay, according to the National Association of Realtors.
Pending home sales in the United States slid to an all-time low in January as high mortgage rates, record-high home prices, ...
Tariff and layoff worries are leading some to reconsider pending deals, but a surplus of existing homes now has other buyers ...
National Association of REALTORS Report Jan Pending Home Sales Decline 4.6% Month-Over-Month, Year-Over-Year Sees Decline of ...
Cold weather may have made matters worse last month, but high prices and mortgage rates are also factors hitting demand.
CEO Ted Decker said in the company’s fourth-quarter earnings report that there has been “ongoing pressure on large remodeling ...
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