Pending Home Sales Stall In November Numbers
Month-over-month, contract signings grew in the Northeast, Midwest and West but they contracted in the South
Month-over-month, contract signings grew in the Northeast, Midwest and West but they contracted in the South
Existing home sales were down 7.4 percent in November
The small increase breaks a five-month streak of sales declines
Builder sentiment also improves as rates decline
The average 30-year-fixed mortgage rate declined every week in November after hitting a 23-year high of 7.79 percent
Only 14 percent of consumers believe it’s a good time to buy a home
Also, housing payments have declined for the fifth week in a row, down more than $150 from peak in August
© 2023 California Listings, Inc.