Pending Home Sales Rose Nearly 5% in June
✉️ Want to forward this article? Click here.
Pending home sales increased in June, as more inventory came on the market.
The National Association of Realtors (NAR) announced Wednesday that home contract signings rose 4.8% last month, compared to May.
story continues below
loading...story continues above
“The rise in housing inventory is beginning to lead to more contract signings,” said NAR Chief Economist Lawrence Yun. “Multiple offers are less intense, and buyers are in a more favorable position.”
With an expected rate cut in September, it will be interesting to see if the sales momentum continues into the fall.
See other articles related to: pending home sales
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/pending_home_sales_rose_nearly_5_in_june/22576.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
The new project is just the latest affordable development to move forward in DC.... read »
The beautiful four-story property, with three renovated units offering more than $200... read »
The nearly 12,000 square-foot McLean house of the former Washington Nationals pitcher... read »
- Understanding Rental Restrictions in Condominiums
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
- Stephen Strasburg's McLean Home Sells For $8.55 Million
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