The Midwest saw pending sales, a leading indicator of home sales, improve substantially in February.
Pending home sales in the Midwest soared in February, contributing to a rebound in the market for the month, data from the National Association of Realtors showed.The region saw pending sales of properties—a leading signal of sales that is measured by contract signings—increase by almost 11 percent, the data released on March 28 showed. This was a significant improvement from the previous month, when it saw a decline of 7.6 percent.The other region that saw improvement was the South, with a 1.
'There will be a steady rise in inventory from recent growth in home building,' he said in his statement. 'Additionally, many sellers, who delayed listing in the past two years, will begin to put their homes on the market to move to a different home that better fits their new life circumstances—such as changes in family composition, jobs, commuting patterns and retirees wanting to be closer to their grandkids.
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February 2024 Home/Condo SalesThanks as always to realtor Kevin Wood for compiling this monthly list of home/condo sales for PoPville. Click below on “February 2024 Sales” for the full list of sales in PDF and excel formats. February 2024 Sales (PDF) February 2024 Sales (Excel)
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US new home sales fall; median price lowest in more than 2-1/2 yearsThe adjusted annual rate of new single-family home sales came in at 662,000 in February, marking a 0.3% decline before the prior month, according to the Census Bureau.
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Home Sales Collapse in Several StatesNew home sales came in lower than expected in February, government data shows, on the back of elevated mortgage rates.
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New home sales fall as mortgage rates weigh down housing marketFebruary new home sales fell as the housing market continues to feel the effects of higher mortgage rates, which have remained at multiyear highs for months.
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This week: Consumer confidence, Cintas earnings, pending home salesThe Conference Board on Tuesday issues its consumer confidence index for March; on Wednesday workplace uniform company Cintas reports its latest earnings and on Thursday the National Association of Realtors releases its pending home sales report for February.
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Home sales up nationwide even as prices rise and mortgage rates remain highThis is additional taxonomy that helps us with analytics
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