The National Association of Realtors is reporting that pending home sales were down 4.1% in February, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 104.9. The NAR says low inventory is still a major problem. Indeed…
“Pending transactions diminished in February mainly due to the low number of homes for sale…Buyer demand is still intense, but it’s as simple as one cannot buy what is not for sale.’” Said Lawrence Yun, NAR’s chief economist.
Click here to read the full report at the National Association of Realtors.
