Spring Busy Season Wilts Early as Pending Sales Plummet

According to the National Association of REALTORS®’ (NAR) latest report, pending home sales fell 7.7% in April. All four U.S. regions posted month-over-month and year-over-year decreases, and pending contract transactions were also down 7.4%. “The impact of escalating interest rates throughout April dampened homebuying, even with more inventory in the market,” said NAR Chief Economist…

The post Spring Busy Season Wilts Early as Pending Sales Plummet appeared first on RISMedia.

Join The Discussion

Compare listings

Compare