In January 2020, The National Association of Realtors® the pending home sales index increased by 5.2% to 108.8. Lawrence Yun, NAR’s chief economist stated, “This month’s solid activity – the second-highest monthly figure in over two years – is due to the good economic backdrop and exceptionally low mortgage rates.”
Year after year, home sales have continued to increase by 5.7%. Although the year started out with strong activity, there is still a lack of inventory. To maintain future increases inventory will remain important.
For more information on Pending Home Sales for January 2020: Read the Original Article Here!
Copyright ©2020 “Pending Home Sales Ascend 5.2% in January” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. March 3, 2020, http://www.nar.realtor/newsroom/pending-home-sales-ascend-5-2-in-january