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 https://dc.urbanturf.com/articles/blog/pending_home_sales_rose_nearly_5_in_june/22576.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf is re-publishing an article with updated links that is a step-by-step way t... read »
UrbanTurf takes a look at the options DC homeowners and residents have to take advant... read »
Last week, UrbanTurf took a look at the Maryland suburbs with the highest home price ... read »
The DC Council passed a bill on Tuesday that could bring thousands of new electric ca... read »
MRP Realty and Florida Rock have plans in the works for two large new residential bui... read »
- How to Obtain a Basic Business License For Your DC Rental
- A Solar Panel Primer for DC Residents
- The 6 Northern Virginia Zip Codes With Highest Home Price Appreciation in 2024
- DC Council Passes Bill That Would Bring Thousands Of New EV Stations To The City
- Plans For 600 Apartments Next To Nats Park Heads To Zoning Commission
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