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Homes under contract saw a slight jolt in August as lower rates and the summer buying season ended on a high note, according to the latest data from the National Association of Realtors® (NAR). NAR’s latest data found that pending home sales grew 4% month-over-month and 3.8% year-over-year, a reversal of the slight monthly downward…

The post NAR Report: Pending Home Sales Heat Up in August appeared first on RISMedia.

Homes under contract saw a slight jolt in August as lower rates and the summer buying season ended on a high note, according to the latest data from the National Association of Realtors® (NAR). NAR’s latest data found that pending home sales grew 4% month-over-month and 3.8% year-over-year, a reversal of the slight monthly downward…

The post Pending Home Sales Heat Up in August appeared first on RISMedia.

The Federal Reserve's decision to make a series of historic short-term rate cuts at the height of the pandemic has proven to be a double-edged sword, with the sharpest point being the percentage of would-be homesellers locked into their homes by 2 percent to 3 percent mortgage rates.