Time To Buy Or Sell

Time To Buy Or Sell

Image title

Pending home sales ticked up in March

Slightly more Americans signed contracts to buy homes in March, yet higher mortgage rates and a shortage of available houses are weighing on sales. The National Association of Realtors said Monday that its pending home sales index ticked up 0.4 percent last month to 107.6. It was the second straight increase, but the index is still 3 percent lower than it was a year ago. Steady hiring and modest pay gains are lifting demand for homes. But rising mortgage rates, which reached the highest level in more than four years last week, are restraining sales. Purchases of existing homes ticked up in March but are still slightly below year-ago levels. The number of houses available for sale has plunged 7.2 percent in the past year. Harsh winter weather likely dragged down contract signings in the Northeast, where they fell 5.6 percent. Pending sales rose 2.4 percent in the Midwest and 2.5 percent in the South. They fell 1.1 percent in the West.


Darik Steinbach Headshot
Author:
Phone: 952-239-4290
Dated: May 1st 2018
Views: 125
About Darik: I have been selling residential real estate in Minneapolis full time for 10+ years. I constantl...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Does Refinancing Make Sense For You -  How Long Does It Take to
Time To Paint -  HOME IMPROVEMENTHow Long
Indulge Today -  Cheeseburger day is
Sep 11 2018 -

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Steinbach Home Selling Team
215 Walker Ave S
Wayzata, MN
952-314-4862
952-392-4566