If you need assistance, please call 702-476-0060

Pending Home Sales Drop for Third Straight Month

Wednesday, March 2, 2022   /   by Ken Couture

Pending Home Sales Drop for Third Straight Month

Pending Home Sales Drop for Third Straight Month.png
Contract signings fell 5.7 percent month over month in January, the third consecutive month of decline, according to the National Association of REALTORS®. Housing inventory is at an all-time low. The Pending Home Sales Index, which is based on contract signings and is a forward-looking predictor of home sales, is down 9.5 percent from a year ago. Annual activity decreased in each of the United States' four primary areas. "Buyers are still having a hard time locating a home," says Lawrence Yun, chief economist for the National Association of Realtors.
According to Freddie Mac, house buyers are also dealing with rising home prices and rising mortgage rates, which have jumped by more than a full percentage point in the previous six months. "Given the current market conditions—mortgages, housing prices, and inventory—it would be prudent to do so."

Jan2022-PHS.png

Follow us on:

FB: Ken Couture Realty Your Home Sold Guaranteed

IG: @kencouturerealtylv

Twitter: Ken Couture

Pinterest: Ken Couture

LinkedIn: Ken Couture Your Home Sold Guaranteed

Contact us at:

Ken@CoutureRealtyLV.com

702-476-0060

Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2022 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com