Pending Home Sales Plunge in All Regions, Inventories Surge. In the West & South, Collapsed Sales Meet Spiking Inventories

Pending Home Sales Plunge in All Regions, Inventories Surge. In the West & South, Collapsed Sales Meet Spiking Inventories

Adios, “spring selling season.”

Pending Home Sales Decline Sharply as Mortgage Rates Rise - The MortgagePoint

“Despite an increase in housing inventory, we are not seeing higher home sales," said NAR Chief Economist Lawrence Yun. "Lower mortgage rates are essential to bring home buyers back into the housing market."

Pending Home Sales Plummet 6.3% in April, Despite Higher Inventory

Drop it like it’s hot? Flip it and reverse it? Pending home sales are beginning to sound like hip-hop hits from the early 2000s. Taking a significant hit in April, pending sales dropped 6.3%, according to the National Association of REALTORS® (NAR). This sharp drop marks a dramatic reversal from the 6.1% gain in March,… The post Pending Home Sales Plummet 6.3% in April, Despite Higher Inventory appeared first on RISMedia.