January saw a pullback in Pending Home Sales (signed contracts on existing homes), which fell 4.9% from December per the NAR. Their Chief Economist, Lawrence Yun, noted that economic conditions are “favorable for home buying” but changes in mortgage rates and available inventory remain key factors that are impacting sales. #homebuyers #homesales #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow