The number of homes going under contract in the U.S. unexpectedly declined in June, as high prices and mortgage rates persist.

Contracts to buy previously owned U.S. homes dropped more than expected in June, weighed down by higher mortgage rates.

Existing home sales also fell in August, down 15.3% below the August 2022 level. The NAR’s Pending Home Sales Index fell to a reading of 71.8 in August.

Realtors and real estate agents sold fewer homes in the Huntsville area last month than they did a year ago, but don’t expect ...

The National Association of Realtors said Thursday its Pending Home Sales Index, based on signed contracts, fell 5.5% last month to 70.2, the lowest reading since the series started in 2001.

Pending Home Sales Regional Breakdown The Northeast PHSI fell 8.1% from last month to 62.3, down 1.3% from December 2023. The Midwest index shrunk 4.9% to 74.3 in December, down 6.9% from the ...

Sales of newly constructed homes will increase by 4.5% in 2023, to 670,000, due to more plentiful inventory in this segment of the market, and increase by another 11.9% in 2024, to 750,000.

Pending sales remain down 8.5% from the same time last year. MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOU A sign outside a home for sale in Atlanta, Georgia on September 6, 2023.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October 2022—and dropped 2.3% ...