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.
Source: Inman News
Pending home sales tank 6.3% in April as mortgage rates stay high
Published in Agent, Analysis, contract signings, Data, elevated mortgage rates, homebuyers, housing inventory, Industry News, inman, inman community, inman connect, inventory, lawrence yun, Markets & Economy, midwest, mortgage rates, nar pending home sales, national association of realtors, National Association of Realtors (NAR), News Brief, northeast, pending home sales index, Pending Home Sales Index (PHSI), san diego, Select, south and west
More from AgentMore posts in Agent »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from AnalysisMore posts in Analysis »
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- October brought the strongest buyer’s market in 12 years: Redfin
- The inventory surge is sputtering. See how your market stacks up
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Heard of a K-shaped economy? You’re living in it now
More from contract signingsMore posts in contract signings »
- Pending home sales jump as buyers eye lower mortgage rates
- Renewed buyer activity boosts pending home sales 7.6%
- Pending home sales keep falling as market conditions ‘normalize’: NAR
- Housing crunch to blame for third month of pending-home sales dips
- Pending home sales down annually for 17th straight month
More from DataMore posts in Data »
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- October brought the strongest buyer’s market in 12 years: Redfin
- The inventory surge is sputtering. See how your market stacks up
- New client leads, murky waters: October’s mixed bag for real estate
- What Zillow’s marketing genius can teach you about social media
More from elevated mortgage ratesMore posts in elevated mortgage rates »
- America’s homeowner population declines for the 1st time since 2016
- Inventory’s up, but buyers aren’t biting as June sales slide again
- Despite market shift toward buyers, they’re still backing away
- Concessions surge as homesellers offer sweeter deals in sour markets
- Buying vs. renting: The income gap is widening, Redfin says
More from homebuyersMore posts in homebuyers »
- Delistings and discounts jump as holiday season approaches
- Zillow Flex class-action complaint now includes RICO allegations
- October brought the strongest buyer’s market in 12 years: Redfin
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
- Homebuying off to strongest November start since 2022
More from housing inventoryMore posts in housing inventory »
- 3 under-the-radar trends from October’s Intel Index survey
- Let’s fill in the economic puzzle pieces as key data goes missing
- Kevin Brown shares his plans as NAR’s new president (EXCLUSIVE)
- Discounts, lower mortgage rates give homebuyers deals this fall
- 7 low-inventory market strategies every agent should adopt in Q4
More from Industry NewsMore posts in Industry News »
More from inmanMore posts in inman »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Change strategy as the market shifts to win the listings long game
- Can agents use AI to help with contracts and disclosures?
- 5 lead-generation metrics you must review before 2026 begins
- Real CEO talks growth in hard times — and how everyone loses in real estate ‘wars’
More from inman communityMore posts in inman community »
More from inman connectMore posts in inman connect »
- The fallout from NAR’s big reversal: Take the Intel Index survey today
- Inman is celebrating 30 years of community, and you’re invited
- From Vegas to venture capital: Navigating the uncertain path of the proptech founder
- Innovation takes the stage at Inman Connect New York
- The path for Compass-Anywhere: Take the Intel Index survey today
More from inventoryMore posts in inventory »
- Listing leverage: How to win the game of securing sellers
- 3 under-the-radar trends from October’s Intel Index survey
- Tailwinds pull October existing-home sales up 1.2%
- Fall has been ‘sneaky good’ for buyers, but the ‘warm-up is not guaranteed to last’
- 53% of US homes lost value from 2024 — but it’s not a crash
More from lawrence yunMore posts in lawrence yun »
- October was another slow month for pending home sales
- Tailwinds pull October existing-home sales up 1.2%
- NAR economist predicts post-shutdown real estate ‘boom’
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Pending home sales remain stuck in the mud in September
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from midwestMore posts in midwest »
- Redfin on 2026: Affordability improves, sales rise only slightly
- October was another slow month for pending home sales
- ‘More persistent headwinds’ plague housing market as prices barely budge
- Tailwinds pull October existing-home sales up 1.2%
- The inventory surge is sputtering. See how your market stacks up
More from mortgage ratesMore posts in mortgage rates »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
- Delistings and discounts jump as holiday season approaches
More from nar pending home salesMore posts in nar pending home sales »
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- Pending home sales remain stuck in the mud in September
- New sales numbers are out. These 9 charts show what’s happening where you live
- Pending home sales jump as buyers eye lower mortgage rates
- Pending home sales tick up as buyers make cautious comeback
More from national association of realtorsMore posts in national association of realtors »
More from National Association of Realtors (NAR)More posts in National Association of Realtors (NAR) »
- NAR scores a victory in buyer commission lawsuit
- American Real Estate Association hires Mary-Frances Coleman as inaugural executive director
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- Pending home sales remain stuck in the mud in September
More from News BriefMore posts in News Brief »
More from northeastMore posts in northeast »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- October was another slow month for pending home sales
- ‘More persistent headwinds’ plague housing market as prices barely budge
- Tailwinds pull October existing-home sales up 1.2%
More from pending home sales indexMore posts in pending home sales index »
- 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 fall by 2.1% in May as buyer demand softens
- Pending home sales tally modest uptick amid rise in jobs, inventory
- Pending home sales stagnate in November despite rate relief
More from Pending Home Sales Index (PHSI)More posts in Pending Home Sales Index (PHSI) »
More from san diegoMore posts in san diego »
- Bayview merger positions Guild Mortgage for refinancing boom
- Delistings and discounts jump as holiday season approaches
- The fallout from NAR’s big reversal: Take the Intel Index survey today
- 53% of US homes lost value from 2024 — but it’s not a crash
- Inman is celebrating 30 years of community, and you’re invited
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from southMore posts in south »
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- October was another slow month for pending home sales
- Tailwinds pull October existing-home sales up 1.2%
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
More from westMore posts in west »
- October was another slow month for pending home sales
- Tailwinds pull October existing-home sales up 1.2%
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Pending home sales remain stuck in the mud in September
- Starter homes see bigger price cuts than luxury listings
Be First to Comment