Pending Home Sales Dropped 2.1 Percent In May
Month-over-month, contract signings declined in the Midwest and South but increased in the Northeast and West
Month-over-month, contract signings declined in the Midwest and South but increased in the Northeast and West
The West and Midwest experienced the largest monthly declines
Pending home sales were down and new listings are flat for the four weeks ending May 12
The National Association of Realtors forecasts 4.46 million existing-home sales in 2024, a 9 percent increase from 2023
Month-over-month, contract signings climbed in the Midwest and South but dipped in the Northeast and West
Month-over-month, contract signings grew in the Midwest, South and West but reduced in the Northeast
The average 30-year-fixed mortgage rate fell to 6.82 percent in December from 7.44 percent in November
Month-over-month, contract signings grew in the Northeast, Midwest and West but they contracted in the South
The average 30-year-fixed mortgage rate declined every week in November after hitting a 23-year high of 7.79 percent
Month over month, contract signings intensified in the Northeast but were down in the Midwest, South and West
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