Home / Daily Dose / Making Sense of Home Sales
Print This Post Print This Post

Making Sense of Home Sales

 

Video Spotlight February saw a minor drop in pending home sales. In this video spotlight, National Association of Realtors Chief Economist Lawrence Yun discusses how to make sense of the decline.

“In January, pending contracts were up close to 5 percent, so this month’s 1 percent drop is not a significant concern,” Yun said. “As a whole, these numbers indicate that a cyclical low in sales is in the past but activity is not matching the frenzied pace of last spring.”

According to Yun, sales in the West are below 2018's activity depite recent growth.

“There is a lack of inventory in the West and prices have risen too fast," Yun stated. "Job creation in the West is solid, but there is still a desperate need for more home construction.”

Watch the video here.

 

About Author: Seth Welborn

Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer.
x

Check Also

Lockbox Manufacturer Partners With Real Estate Brokerages, Agents

VaultLOCKS, the electronic and mechanical lockbox manufacturing division of MFS Supply, has announced the integration ...

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.