Pending Home Sales Up 2% in February

The National Association of Realtors is reporting that pending home sales rose 2% in in February, 2025. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 72 in February.  Year-over-year, contract signings dropped in all four U.S. regions, with the Midwest undergoing the greatest reduction.  In addition, the NAR says contract signings are below historic norms;

“Despite the modest monthly increase, contract signings remain well below normal historical levels…A meaningful decline in mortgage rates would help both demand and supply – demand by boosting affordability, and supply by lessening the power of the mortgage rate lock-in effect.”  Said the NAR’s Chief Economist Lawrence Yun.

Click here to read the full report at the NAR.