Pending Home Sales Pop in December
✉️ Want to forward this article? Click here.
Pending home sales increased in December, an indication that lower mortgage rates may be bringing buyers back into the market.
The National Association of Realtors (NAR) announced Friday that home contract signings rose 8.3% last month, compared to November.
story continues below
loading...story continues above
“The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” said Lawrence Yun, NAR chief economist. “Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.”
NAR is projecting that existing-home sales will increase 13% in 2024 and 15.8% in 2025 (from 2024).
See other articles related to: pending home sales
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/pending_home_sales_pop_in_december/21904.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
This week’s Best New Listings includes a bi-level condo north of Adams Morgan's mai... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Best New Listings: Windows Galore on Biltmore; One Up, One Down on Swann
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro