Reported about 12 hours ago
Recent data from the National Association of Realtors indicates a 5.5% decline in pending home sales in December 2024, particularly impacting the West Coast. Redfin's Chen Zhao explains that the slowdown in housing activity is linked to rising mortgage rates as the Federal Reserve signals a pause on interest rates, predicting a continued sluggish housing market in the near term amid uncertainty from potential new policies under the Trump administration.
Source: YAHOO