Pending home sales are at their lowest level in four years going into Spring of 2024, the worst levels since the height of COVID-19. The news for the usual spring home buying season is looking like a slump as buyers are avoiding high housing prices and are turned off by 7% mortgage rates under President Joe Biden’s economy .
According to an Axios report on housing data collected from the National Association of Realtors (NAR), data shows this is the second-worst drop in home purchases since the agency started collecting data in 2001.
Would-be buyers in the market are facing ever-decreasing […]
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