Reported 3 days ago
In November, pending home sales in the U.S. rose more than expected, marking the highest level in 21 months, according to the National Association of Realtors. This increase, which represents a 2.2% rise from October, reflects a growing focus among buyers on improved inventory despite high mortgage rates. The Midwest, South, and West regions saw monthly gains, while overall contract signings were up 6.9% from the previous year. As buyers adapt to elevated mortgage rates, they are seizing the opportunity to negotiate more favorable terms in a shifting market.
Source: YAHOO