High Prices and Low Supply

A house's real estate for sale sign shows the home as being "Under Contract" in Washington, DC, November 19, 2020.

This is the 4th straight monthly decline, while contract signings are still up 22.8% from a year earlier on an unadjusted basis.

By region, pending home sales declined 3.6% in the Midwest, the fourth straight decrease. In the largest U.S. region — the South — contract signings edged up 0.1%. Pending sales were unchanged in the West and rose in the Northeast.

https://www.cnbc.com/2021/01/29/december-pending-home-sales-drop-as-buyers-face-record-high-prices.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: