Pending Home Sales Down 3.9% in April - Real Estate Investing Today
Pending Home Sales Down 3.9% in April - Real Estate Investing Today
Abstract
The National Association of Realtors is reporting that pending home sales were down 3.9% in April, 2022. Pending sales have now dropped for eleven consecutive months. "Pending contracts are telling, as they better reflect the timelier impact from higher mortgage rates than do closingsThe latest contract signings mark six consecutive months of declines and are at the slowest pace in nearly a decade." Said Lawrence Yun, NAR's chief economist.
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