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Pending Home Sales Up 8.1% in January

The National Association of Realtors is reporting that pending home sales were up 8.1% in January, 2023 – two months in a row. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increased to 82.5 in January. The NAR says buyers are responding to better affordability from falling mortgage rates in December & January. Continue reading HERE...

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Existing-Home Sales Up 3.1% in January

The National Association of Realtors is reporting that existing home sales were up 3.1% in January to a seasonally-adjusted annual rate of 4 million (down 1.7% year over year). Total housing inventor

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