Pending Home Sales Rise In August As Rates Drop
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As mortgage rates fell, pending home sales rose in August.
The National Association of Realtors (NAR) announced Monday that home contract signings rose 4% compared to July, and were up a similar percentage year-over-year.
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"August’s REALTORS® Confidence Index survey shows that 19% of NAR members expect an increase in buyer traffic over the next three months, up from 16% last month and unchanged from one year ago," the NAR said in a release. "Meanwhile, 19% expect an increase in seller traffic, down from 21% last month and up from 18% in August 2024."
Photo by Derek & Vee.
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