Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts. …
Posts published in “Pending Home Sales Index (PHSI)”
Pending home sales jump as buyers eye lower mortgage rates
By The Citizen on April 30, 2025
According to data released Wednesday by the National Association of Realtors (NAR), contract signings jumped 6.1 percent in March. That represents the biggest monthly gain…
June saw a 4.8% uptick in pending home sales
By The Citizen on July 31, 2024
The Pending Home Sales Index (PHSI) rose to 74.3 in June, while pending sales were down 2.6 percent year over year. Source: Inman News