BuyerDemand

Surge in U.S. Pending Home Sales Marks Highest Increase Since March

26 days ago

U.S. pending home sales experienced a notable uptick recently, reaching their highest level since March 2023. This rise in market activity signals a potential rebound in the housing sector, much to the anticipation of economists and potential homebuyers alike. According to the National Association of Realtors (NAR), pending home sales rose by 14% in October, showcasing a remarkable shift in the market's dynamics.

US Home Price Growth Slows Amidst High Interest Rates and Buyer Hesitation

2 months ago

The real estate market in the United States is witnessing a notable slowdown in home price appreciation as high interest rates continue to weigh heavily on potential buyers. In October, data reflected that while home prices had risen in certain areas, the rate of increase has considerably diminished, making it a challenging environment for both sellers and buyers. The tightening financial conditions are shifting market dynamics as affordability concerns thwart many buyers' attempts to enter the housing market.