![PendingHomeSalesMarJunSepDec](https://yourbrokerjoseph.com/wp-content/uploads/2024/01/image-4.png)
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, noted that sales are expected to “rise significantly in each of the next two years” and he stressed that “increased supply will be essential to satisfying all potential demand.”