Sales of existing homes slid 1% from November to December, though sales are expected to move higher this year. NAR’s Chief Economist, Lawrence Yun, explained that “mortgage rates are meaningfully lower compared to just two months ago, and more inventory is expected to appear on the market in upcoming months.”
Pending Home Sales (signed contracts on existing homes) surged 8.3% from November to December, due in large part to falling mortgage rates per the NAR. Their Chief Economist, Lawrence Yun,
Home builder confidence has surged due in large part to falling interest rates that have brought buyers back to the market and boosted builders’ future sales expectations. Plus, 31% of
Represented as Legacy Mortgage and Investment Corporation in the State Of California.
