Elevated mortgage rates continued to curb homebuyer activity in May, NAR reported. As inventory increases in upcoming months, slower home price growth will follow, and likely more buyers hitting the market.
Source: Inman News
Pending home sales fall by 2.1% in May as buyer demand softens
Published in Data, homebuying, Markets & Economy, mortgage rates, NAR chief economist Lawrence Yun, nar pending home sales, National Association of Realtors (NAR), News Brief, pending home sales index and Select
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