The National Association of Realtors is reporting that pending home sales were up 0.8% in February, 2023 – the third month in a row. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increased to 83.2 in February. The NAR says the affordable U.S. regions (Midwest & South) are leading a recovery. Indeed…
“After nearly a year, the housing sector’s contraction is coming to an end…Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full report at the National Association of Realtors.
