Pending Sales in April 2024 Decreased 7.7% From March

NAR released a summary of pending home sales data showing that April’s pending home sales fell 7.7% from last month and decreased 7.4% from a year ago. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_paragraph_image/public/economists-outlook-pending-home-sales-april-2023-to-apr

Instant Reaction: Mortgage Rates, May 30, 2024

Facts: The 30-year fixed mortgage rate from Freddie Mac rose to 7.03% over the last week from 6.94%. At 7.03%, with 20% down, a mortgage payment on the median-priced existing home of $407,600 is $2,176. The typical first-time buyer had a downpayment of 8% last year—with this downpayment, the monthly

Pending Home Sales Slumped 7.7% in April

Key Highlights Pending home sales decreased 7.7% in April. Contract signings retreated in all regions compared to the previous month and one year ago. The Midwest and West experienced the largest monthly declines. " data-src="https://www.nar.realtor/sites/default/files/styles/inline_paragraph_image/