• Metro East REIA

Pending Home Sales Fall 2.2% in November

The National Association of Realtors is reporting that pending home sales were up 2.2% in November, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 122.4. The NAR cautions that the countrywide surge of the omicron variant poses a risk to the housing market’s performance, however inventory is a large part of November’s decline. Continue reading HERE...

0 views0 comments

Recent Posts

See All

Mortgage Rates Rise Significantly

According to recent data from FreddieMac, interest rates have quickly risen to levels not seen since March, 2020. Their research shows rates on types of loans have been rising with the 30-year fixed-

Lumber Prices Are Soaring Again

Mortgage News Daily is reporting that after a few months of moderation lumber prices are once again soaring. Citing data from the National Association of Home Builders, lumber prices have nearly trip