Despite continuing monthly declines, the Pending Home Sales Index (PHSI) hit an all-time high for the month of December at 125.5
NAR's chief economist forecasts that the market could see median prices rise another 5% this year
Only the West experienced an uptick in contract signings
Low inventory levels have sidetracked the spring buying season and dampened financial and economic confidence
The latest numbers on soon-to-close homes show an anemic month
After a dip in August, pending home sales are back on their (rising) track
Will new construction ever catch up?
The slight rise in June was limited by low inventory
NAR: First-time homebuyers still constrained by tight credit and declining affordability
Homes under contract down 7.9 percent from a year ago