25
Jan
Pending Home Sales Fall 11Percent In The West
Pending Home Sales
pending home sales
The National Association of Realtors® reported today that after reaching a 19-month high, pending home sales eased in December.
Lawrence Yun, NAR chief economist, said the trend line remains positive. “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period,” he said. “Contract failures remain an issue, reported by one-third of Realtors® over the past few months, but home buyers are not giving up.” Read more 