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
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