NAR US Pending Home Sales Report Shows 0.8% Decrease in January

From nar.realtor

Pending home sales in January decreased by 0.8% from the prior month and 0.4% year-over-year, according to the National Association of REALTORS® Pending Home Sales Report. The report provides the real estate ecosystem—including agents and homebuyers and sellers—with data on the level of home sales under contract. Month-over-month pending home sales rose in the Midwest and West, and declined in the Northeast and South. Year-over-year pending home sales rose in the South and West and declined in the Northeast and Midwest. “Improving affordability conditions have yet to induce more buying activity,” said NAR ... (full story)