NAR: Pending home sales lag 2025 despite February uptick
NAR’s pending home sales index rose 1.8% in February, but was still 0.8% below February 2025 levels as economic uncertainty rises.
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Weekly pending home sales back to year-over-year growth as we head into spring
Last week, pending home sales rose 4.6% year over year, inventory reached 700,259 and mortgage rates held near 6%.
Read MorePending home sales rise on lower mortgage rates, higher inventory
NAR’s pending home sales index rose 1.9% month-over-month, as lower mortgage rates and more inventory coaxed buyers off the sidelines.
Read MoreTotal pending home sales reach multiyear high with mortgage rates near 6%
This year we have benefited from mortgage rates remaining below 6.64% for the last 16 weeks, spurring total pending home sales.
Read MoreMortgage rates are calm as the Fed rate cut debate intensifies
Mortgage rates average 6.38% as pending home sales increase 15% year over year, with markets watching for another Fed rate cut.
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