Contracts Remain Strong As Interest Rates Tick Higher

Real Estate Agent with Joe Manausa Real Estate 8508880888

If you want an early look at the direction of the housing market, then a quick study of pending home sales will give you what you need.

The Pending Home Sales Report for March 2021 is a leading indicator of home sales, providing and earlier understanding of the real estate market activity than we attain by studying lagging indicators, such as home sales.

Video Presentation Of The Pending Home Sales Report

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments (3)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I think the lowest mortgage interest rates I have seen in my 40 years as a Realtor, is what has driven much of the real estate boom we have experienced in recent months.  I wouldn't be surprised in interest rates ticking higher helped bring more stability to the market, and assist in bringing it more in balance for both buyers and sellers.  Although, buyers will be able to buy less house for the money with increased interest rates (based on qualification).

Mar 30, 2021 07:28 PM
Joe Manausa

Agreed Myrl. It will be the pace at which rates rise that determines how far demand declines. 

Mar 31, 2021 08:16 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Joe, on having this blog FEATURED in the Old Farts Club group!  

Mar 30, 2021 07:29 PM
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you for stopping by and leaving a comment, Myrl!

Mar 31, 2021 04:49 AM