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Real estate's power players are engaged in a bitter standoff over who exactly gets to see the millions of homes listed for sale in the US each year. Realtors are fighting over hidden listings.
In the Midwest, pending home sales increased almost 6%, up 4% from a year earlier. The Northeast was the only outlier, which recorded a drop of 3% in pending transactions last month, a decline of ...
The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, rose 7.4% last month to 75.8 - the highest since March - from 70.6 in August.
US pending home sales fell nearly 5% in January as both elevated mortgage rates and home prices continued to challenge homebuyer demand, the NAR found.
Home sales under contract dropped 1.5% from the month before, according to the National Association of Realtors. The 71.4 index reading is the lowest since the index was originated in 2001.
Despite the March gain, pending home sales are still “in a fairly narrow range over the last 12 months without a measurable breakout,” NAR’s chief economist, Lawrence Yun, said in a release.
The NAR said its pending home sales index fell 7.7% in April to 72.3 from an upwardly revised 78.3 reading in March. The drop was the largest since February 2021 and the index level was the lowest ...
It’s the lowest pending-sales figure recorded in the 22 years since the NAR began tracking the statistic. Don’t miss. Commercial real estate has outperformed the S&P 500 over 25 years.