Pending Home Sales Drop 8.6% in June
The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 99.1. The NAR predicts home sales should start to rebound by early 2023. Indeed…
“Home sales will be down by 13% in 2022, according to our latest projection…With mortgage rates expected to stabilize near 6% and steady job creation, home sales should start to rise by early 2023..
Click here to read the full report at the National Association of Realtors.
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