Tag Archives: Pending Home Sales

Also, supply remains short, competition continues, and steep prices have translated into a wealth gain of $45,000 for a typical homeowner.

Median home-sale prices have increased to a record high 19% year-over-year in June, forcing more to hold back their purchases or opt for cheaper housing alternatives.

Affordability remains a factor in the decision-making of home shoppers nationwide who would rather sit on the sidelines before committing to an overpriced market short on inventory.

A new survey has found that while supply remains an issue, the housing market is attracting buyers due to mortgage rates, which continue in the 3% range.

For the first time in 2021, the demand for homes has fallen below last year’s levels, with high prices turning many would-be buyers away from a still-completive marketplace.

Despite still being up 29% year-over-year from 2020, pending home sales are tailing off as a new report examines this downturn.

Short supply spells greater seller profit at the closing table as homes continue to sell at a record clip.

Low housing inventory in Q1 is keeping more homebuyers on the sidelines, with would-be buyers shunned by a lack of affordable options.

A fast-moving competitive market didn’t help pending home sales that came in at the second-lowest level in the past year. This video explains the headwinds facing home sales this season.

Each monthly LegalShield Law Index tracks factors such as housing starts, foreclosure starts, and consumer confidence, compiling indices based on LegalShield’s proprietary data culled from their client base. The Law Index is divided up into sub-indices that track different sectors ...