According to Yun, interpreting in-person home search activity for December presents some unique challenges for people traveling and taking time off for the holidays, as well as the challenges presented by winter weather in some markets. “We will look at the data in the coming months to determine whether the signing of soft contracts was […]
In addition to home sales remaining flat month over month, pending home sales fell 0.9% year over year in September. Despite these results, about 20% of NAR members surveyed expect to see an increase in buyer or seller traffic over the next three months, according to the Realtors’ Confidence Index. While some real estate agents […]
An index reading of 100 is the same as the level of contract activity in 2001. “August in anticipation of sales activity offers a preview for the turnover of autumn,” Lisa Sturtevant, the chief economist at Clear MLSsaid in a statement. “And although the newly rose in August pending contract activity, the closed sale in […]