Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
More Housing Strength : Pending Home Sales Surged In October
After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.
Despite Low Rates, Pending Home Sales Slip In August
Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes.
Pending Home Sales Slip In July; Creates Buyer Opportunity
After 3 straight months of gains, the Pending Home Sales Index slipped 1 percent in July.
Pending Home Sales Rise For 3rd Straight Month
Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.
Pending Home Sales Unexpectedly Spike In May
According to data from the National Association of REALTORS, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May.