Pending Home Sales Climbed 8.3% in December
Key Highlights Pending home sales increased 8.3% in December. Month over month, contract signings grew in the Midwest, South and West but reduced in the Northeast. Compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South and West. " data-src="https:/
Housing Affordability Conditions Improve in November 2023
At the national level, housing affordability rose in November compared to the previous month, according to NAR's Housing Affordability Index. The monthly mortgage payment decreased by 2.7% compared to the prior month, while the median price of single-family homes declined by 1.0%. The monthly mortga
Instant Reaction: Mortgage Rates, January 25, 2024
This week, there is a lot of good news in the housing sector. For the sixth consecutive week, mortgage interest rates stayed in the range of 6.6% and are now at 6.69%. Home buyers are responding to the lowering of mortgage interest rates, and foot traffic (according to SentriLock, LLC., a lockbox co
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