05/17/2022
Market update: You may have heard that there is a decline in houses that are under contract. Just remember that it does not mean the market is slowing down to a halt. Considering the decrease in inventory in the housing market, a decline in the number of contracts is to be expected.
Below is a good read on pending home sales.
Pending Home Sales, which measures signed contracts on existing homes, fell 1.2% in March, which was stronger than the 1.8% decline expected. Sales are now down 8.2% year over year. There is no doubt that higher interest rates could be impacting demand, but this is still very strong considering the....