Pending Home Sales

The latest sign that the housing recession may be coming to an end.

Is the housing recession already over?

A sharp drop in mortgage rates in July probably explains the shallower drop in pending sales.

Pending home sales fell by more than twice what was expected.

The Biden administration’s housing policies are failing to increase home affordability.

Buyers are coming back into the market, especially in communities in GOP-led states Texas, Florida, and Tennessee.

Contracts to purchase previously owned U.S. homes fell for the second straight month in July, the latest sign that economic activity slowed mid-summer as the Delta variant ramped up the rate of coronavirus infections and inflation pumped up prices. The

Pending home sales rose in March after a sharp decline in February, according to the National Association of Realtors. Pending sales, which measure contract signings for homes and usually lead closed sales by 45 to 60 days, rose 1.9 percent

A record low supply of homes took a big bite out of home sales in February.

Home prices are up 16 percent across the country as the supply of homes for sale dwindles and prices soar.