New numbers from the National Association of Realtors show that pending sales rose 1.1 percent year over year in May. Source: Inman News
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Amid fighting over the federal funds rate, NAR says home sales were 0.7 percent lower in May than a year ago as inventory rose to…
As investors see local markets and rental prices soften, they’ve started to unload underperforming inventory at a record pace. Source: Inman News
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. …
The surge in sales was a welcome positive sign during a tenuous period for the U.S. economy. However, high prices and high mortgage rates continue…