Reported 3 days ago
Housing contract activity has continued to rise for the fourth consecutive month, with November seeing a 2.2% increase in the Pending Home Sales Index, reaching its highest level since February 2023. Despite persistent high mortgage rates above 6%, buyers are capitalizing on greater inventory availability. Overall, pending home sales are up 6.9% from last year, although the market is expected to remain slow with housing sales projected at 4.5 million next year.
Source: YAHOO