![PendingHomeSalesJanAprJulOct](https://yourbrokerjoseph.com/wp-content/uploads/2023/11/image-5.png)
Pending Home Sales (signed contracts) fell to a record low in October due in part to mortgage rates at 20-year highs last month. Tight supply is another factor hindering buyers, as the NAR notes that “limited housing inventory is significantly preventing housing demand from fully being satisfied.”