The National Association of Realtors is reporting that pending home sales were up 8% in April, 2021 and up 13.1% from one year ago. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) was up 8% to 114.7. In addition, they report that year-over-year contract signings were up 13.1%. Indeed…
“May’s strong increase in transactions – following April’s decline, as well as a sudden erosion in home affordability – was indeed a surprise,” said Lawrence Yun, NAR’s chief economist. “The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from an uptick in listings.”
Click here to read the full report at the National Association of Realtors.
