The National Association of Realtors is reporting that pending home sales were up 7.5% in October, 2021. The NAR's Pending Home Sales Index (a forward-looking indicator based on contract signings) rose to 125.2. The NAR says the market is expected to remain robust with home prices rising at a gentler pace over the next several months. Indeed...
"The notable gain in October assures that total existing-home sales in 2021 will exceed 6 million, which will shape up to be the best performance in 15 years." Said Lawrence Yun, the NAR's chief economist.
Click here to read the full report at the National Association of Realtors.
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