The National Association of Realtors is reporting that pending home sales in December, 2023 rose 8.3%. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 77.3 in December. In addition, the NAR is projecting a 13% increase in existing-home sales for 2024. Indeed…
“The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices…Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.” said Lawrence Yun, NAR chief economist.
Click here to read the full report at the National Association of Realtors.
