The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million.
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Category: Ruben Gonzalez
Two views on what the Fed’s latest interest-rate hike means for real estate
Two economists expressed concerns about the real estate industry in the wake of the Fed’s decision to raise interest rates by three-quarters of a percent.
The post Two views on what the Fed’s latest interest-rate hike means for real estate appeared first on Atlanta Agent Magazine.
NAR: May pending-home sales jump unexpectedly
“May’s strong increase in transactions — following April’s decline, as well as a sudden erosion in home affordability — was indeed a surprise. The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from an uptick in listings.” — NAR chief economist Lawrence Yun
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