Pending Home Sales (November 2023)
Pending Home Sales (signed contracts) were unchanged from October to November, though declining mortgage rates have “sparked a surge in interest” per the NAR. Sales are expected to improve next year, as lower rates have led “to savings of around $300 per month from the recent cyclical peak in rates.” #homebuyers #homesales #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow