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Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up

While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out […]

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Housing Affordability Weakens in August 2020 as Home Prices Rose Faster than Median Family Incomes

At the national level, housing affordability declined in August 2020 compared to a year ago and fell compared to July. www.nar.realtor – Research

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