Pending Home Sales Decreased 2.5 Percent In August

October 3, 2016

Potential buyers may be a bit on edge, and the housing industry is taking note.

Thomas H. Kee Jr. of MarketWatch writes that pending home sales fell by 2.5 percent in August, which came as a mild surprise. Buyer apprehension isn’t due to mortgage rates.

It is very possible that the value proposition has diminished significantly for prospective buyers, and although individual buyers looking for a home may still find it difficult to find something good, real-estate investors appear to be seeing the inverse relationship between price and interest rates as a put to their decision-making process.

Read more

Comments

expand_less