Pending Home Sales Rise for First Time in 14 Months
Pending sales increased 3% in December from the month before, the first monthly gain since October 2021. But sellers remained on the sidelines, with new
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
Pending sales increased 3% in December from the month before, the first monthly gain since October 2021. But sellers remained on the sidelines, with new
Economic uncertainty and 6%-plus mortgage rates caused fewer Americans to purchase homes in the fourth quarter. But those who did buy relocated at an unprecedented
An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are
The typical home is taking longer to sell than any period since April 2020 and pending sales are at a record low, but online home
The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year–smaller
The supply of homes for sale posted a record year-over-year increase this week as homes linger on the market. But some buyers are making their
Pending sales increased 3% in December from the month before, the first monthly gain since October 2021. But sellers remained on the sidelines, with new
Economic uncertainty and 6%-plus mortgage rates caused fewer Americans to purchase homes in the fourth quarter. But those who did buy relocated at an unprecedented
An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are
The typical home is taking longer to sell than any period since April 2020 and pending sales are at a record low, but online home
The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year–smaller
The supply of homes for sale posted a record year-over-year increase this week as homes linger on the market. But some buyers are making their