Pending Home Sales Up 4.6% in January

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The National Association of Realtors is reporting that overall pending home sales increased 4.6% in January, with all four major regions of the country seeing growth.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) declined to 103.2 in January.  However, they also report that year-over-year contract signings declined 2.3%, marking the thirteenth straight month of annual decreases.

“Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.” Said Lawrence Yun, the NAR’s chief economist.

Click here to read the full release at the National Association of Realtors.

 

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Director of Education & Outreach, National Real Estate Investors Association

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