The National Association of Realtors is reporting that pending home sales fell 7.1% in August, 2023. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 71.8 in August. The NAR says all four U.S. regions saw year-over-year declines in transactions.
“It’s clear that increased housing inventory and better interest rates are essential to revive the housing market.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full report at the National Association of Realtors.
