Reported 5 days ago
Pending home sales in the US rose for the fourth consecutive month in November, marking the highest level since early 2023 as buyers adapted to higher mortgage rates. The National Association of Realtors reported a 2.2% increase in contract signings, signaling that homebuyers are moving forward despite rising borrowing costs. The South saw the largest monthly increase, while activity dipped in the Northeast, reflecting ongoing struggles with housing affordability.
Source: YAHOO