Pending home sales up slightly in September: NAR
Housing Wire
OCTOBER 26, 2023
Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. For those new construction units, the national median new home price is projected to drop by 5.9% in 2023, reaching an annual rate of 670,000.
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