The National Association of Realtors is reporting that pending home sales dropped 1.8% in in May, 2025. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 72.6 in May.
“Consistent job gains and rising wages are modestly helping the housing market…Hourly wages are increasing faster than home prices. However, mortgage rate fluctuations are the primary driver of homebuying decisions and impact housing affordability more than wage gains.” Said the NAR’s Chief Economist Lawrence Yun.
Click here to read the full report at the NAR.
