Pending Sales Drop Dramatically as Economists Blame High Rates and Season Slowdown
As the housing market begins to wind down for the cold season, pending home sales are also showing the impact of elevated mortgage rates as contract signings fell across the board, according to the National Association of Realtors® (NAR). The Pending Home Sales report by NAR for September shows that sales decreased by 7.3% month-over-month,…
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