Market Update: Pending Home Sales Lose Steam

Real Estate Agent with The Faeth Team

If you're a seller racking your brain for why your home hasn't sold yet, this National Association of Realtors article might be able to shed some light--albeit dim--on the answer.

the faeth team

Excerpt: Pending home sales cooled in September for the second straight month and to their second lowest index reading in 2015, according to the National Association of Realtors®. All four major regions experienced a pullback in activity in September. Despite contract activity softening from the more robust levels seen earlier this year, Yun believes the housing market will still likely be one of the brighter spots in the economy in coming months. "With interest rates hovering around 4 percent, rents rising at a near 8–year high, and job growth holding strong — albeit at a more modest pace than earlier this year — the overall demand for buying should stay at a healthy level despite some weakness in the overall economy."

To read the full article and more about how the lull in home sales is actually looking up, click here. Source


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Comments (3)

Kameela Wardsworth
Raleigh Cary Realty - Raleigh, NC

Agreed, the article did not offer much of an "Ah hah here's why" type answer. However, I am hopeful that the market will maintain it's current position given the overall economic state is not that great.

Dec 14, 2015 11:49 PM


Oct 11, 2019 06:51 PM


Oct 11, 2019 06:51 PM