Pending home sales improved in January for the second consecutive month, according to the National Association of Realtors. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index (PHSI) — a forward-looking indicator of home sales based on contract signings — improved 8.1% to 82.5 in […]
The post Pending Home Sales Improved for Second Consecutive Month, Up 8.1% from December 2022 appeared first on Weekly Real Estate News.
On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a […]
“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. Obviously, people don’t sell a home to be […]
Home prices hit all-time highs in 2022, with the median price increasing by 50% from January 2020. High mortgage rates have slowed down the housing market considerably, with Redfin predicting that the median U.S. home price could […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes