Redfin reported contract cancellations declined 0.1% in April to 47K
Sub-6% rates improved affordability but couldn't overcome economic and political headwinds
Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts
Contract signings jumped 6.1% in March. That represents the biggest monthly gain since December 2023, according to the National Association of Realtors
Homebuyers began the new year with more home tours; however, Redfin says elevated mortgage rates have stopped them from signing contracts
Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.
Pending home sales rose 4.8% in June, with all 4 US regions showing monthly gains in contract signings, the National Association of Realtors reported on Wednesday
Home valuation platform HouseCanary's January housing report revealed persistent skittishness among homesellers, as net new listings tumbled 17.5% from January 2023
The residential market continued going strong but showed signs of reaching a tipping point, according to data released by New York City brokerages
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