Pending Home Sales Plunge to Record Low Amid Affordability Concerns

Pending home sales have fallen to a record low, with significant drops observed in the South and Midwest, as improving affordability has yet to stimulate buying activity.

19 Feb, 17:23 — 19 Feb, 17:23

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wolf-street1h ago

Pending Home Sales Plunge to Record Low in the Data, from Already Low Levels, on Big Drops in the South & Midwest

“Improving affordability conditions have yet to induce more buying activity”: National Association of Realtors.

By Wolf Richter

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Pending Home Sales Plunge to Record Low Amid Affordability Concerns

Read at source (1 outlet)

Pending Home Sales Plunge to Record Low in the Data, from Already Low Levels, on Big Drops in the South & Midwest

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