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
More from DataMore posts in Data »
- Blueprint launches new subscription research platform for commercial executives
- As homebuyers gain leverage, sellers get cold feet. Is it happening near you?
- Modest gains help agents see path to recovery: Client Pipeline Tracker
- Why is Midwest real estate beating the rest of the country?
- US home prices see modest annual gains, but lag behind inflation
More from homebuyingMore posts in homebuying »
More from Markets & EconomyMore posts in Markets & Economy »
More from mortgage ratesMore posts in mortgage rates »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Is fall the new spring? Market winds may be shifting, NAR says
- How a government shutdown would affect real estate agents
- August existing-home sales may have been lowest in a decade
- New-home sales spiked in August to highest rate since 2022
More from NAR chief economist Lawrence YunMore posts in NAR chief economist Lawrence Yun »
- Is fall the new spring? Market winds may be shifting, NAR says
- Inventory’s up, but buyers aren’t biting as June sales slide again
- Foreign buyer property purchases in the US rose 33% from last year
- Cash prevails as king when it comes to luxury
- Home prices kept rising in Q1 but fewer cities saw double-digit gains
More from nar pending home salesMore posts in nar pending home sales »
- New sales numbers are out. These 9 charts show what’s happening where you live
- Pending home sales tank 6.3% in April as mortgage rates stay high
- Pending home sales jump as buyers eye lower mortgage rates
- Pending home sales tick up as buyers make cautious comeback
- Pending home sales fall 4.6% to an all-time low, NAR says
More from National Association of Realtors (NAR)More posts in National Association of Realtors (NAR) »
- Is fall the new spring? Market winds may be shifting, NAR says
- NAR fires back at Mauricio Umansky’s PLS in new legal filing
- Lead counsel for Moehrl targets ‘deceptive practices’ in new real estate industry investigation
- Brad Inman to agents: AI will eliminate the great Clear Cooperation debate
- Competition, discretion drive lux agents to embrace private listings
More from News BriefMore posts in News Brief »
More from pending home sales indexMore posts in pending home sales index »
- Pending home sales tank 6.3% in April as mortgage rates stay high
- Pending home sales fall 4.6% to an all-time low, NAR says
- Pending home sales decline 5.5% following months of growth
- Pending home sales tally modest uptick amid rise in jobs, inventory
- Pending home sales stagnate in November despite rate relief
More from SelectMore posts in Select »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
- I’ve studied real estate marketing for 31 years. Here are 7 essentials for effective marketing campaigns
Be First to Comment