Pending home sales dipped for the 5th straight month in March, with the Pending Home Sales Index dropping 1.2% from February to 103.7, according to the National Association of Realtors
Despite the modest slide, the National Association of Realtors' pending home sale index hit an all-time high for the month of November, it was announced Wednesday
The National Association of Realtors' Pending Home Sales Index increased modestly but remains below 2018 levels
Low inventory and rising home prices have continued to push pending home sales down, according to NAR report
The uptick is due to a healthy jobs market and an increase in wages
Competition is fierce as home hunters who started their search earlier in the year are still trying to buy
NAR’s Pending Home Sales Index show most markets are hitting a plateau due to inventory shortages and affordability concerns
NAR’s Pending Home Sales Index about to hit 12 months of consecutive increases