Pending home sales rise for the first time since May 2022
Contract signings rose 2.5% nationwide in December, the first gain in six months, but pending home sales are 33.8% lower than a year ago.
Contract signings rose 2.5% nationwide in December, the first gain in six months, but pending home sales are 33.8% lower than a year ago.
After mortgage rates rose to some of their highest levels in decades in October, November pending home sales took a hit.