From GlobeNewswire: 2025-05-29 10:00:00

Pending home sales in April dropped 6.3%, with all four U.S. regions experiencing month-over-month losses. Year-over-year, contract signings rose in the Midwest but fell in the Northeast, South, and West, with the West seeing the biggest decline. The Pending Home Sales Index fell 6.3% to 71.3 in April, with pending transactions down 2.5% year-over-year. NAR Chief Economist Lawrence Yun emphasized the importance of lower mortgage rates in stimulating home sales. Home buyers in affordable regions like the Midwest have better opportunities, with housing inventory levels at five-year highs.



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