Transactions that do go through are typically seeing multiple offers, NAR Chief Economist Lawrence Yun said.
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Category: pending home sales
U.S. Pending Home Sales Fall but the Housing Market Is in Recovery Mode
“The housing market is resilient with approximately three offers for each listing,” Lawrence Yun of the National Association of Realtors says.
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NAR: Limited supply keeps pending-home sales flat in April
Despite solid demand, a dearth of homes for sale kept transaction numbers muted in the association’s most recent report on pending sales.
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Pending Home Sales Fall for the First Time Since November
U.S. pending-home sales fell 5.2% in March, according to the monthly index released Thursday by the National Association of Realtors.
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NAR: Low inventory drives pending-home sales lower in March
High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported.
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U.S. Pending Home Sales Rise for the Third Month in a Row in February
Pending home sales rose 0.8% from last February, the National Association of Realtors said.
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NAR: Pending-home sales jump in January
The 8.1% month-over-month increase in the National Association of REALTORS® Pending Home Sales Index was the largest gain since June 2020.
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Pending Home Sales Rise 8.1% in January, Largest Increase Since June 2020
But mortgage rates are back up and applications are down, hinting at weakness in the coming weeks for home sales.
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U.S. Pending Home Sales Rise 2.5% in December. Realtors Say the Housing Market Is in Recovery Mode.
Pending home sales have plunged 33.8% from last December, the National Association of Realtors said.
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Pending home sales drop to lowest level in seven years
Redfin attributes the drop to the record high mortgage rates, recession concerns, record low inventory, extreme winter weather and the holiday slowdown.
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