Tag Archives: january pending home sales

Affordability is better, but buyers are still bailing out of contracts

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Pending home sales slid on a monthly and annual basis in January, despite improving market factors. However, several economists urged agents to stay calm, saying a sales boost will likely come this spring. Continue reading →

Sluggish net new listings signal that the lock-in effect is not over

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In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023… Continue reading →