The National Association of Realtors is reporting that pending home sales dropped 6.4% in in April, 2025. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 71.3 in April. The NAR says mortgage rates are negating the increase in market supply.
“At this critical stage of the housing market, it is all about mortgage rates…Despite an increase in housing inventory, we are not seeing higher home sales. Lower mortgage rates are essential to bring home buyers back into the housing market.” Said the NAR’s Chief Economist Lawrence Yun.
Click here to read the full report at the NAR.
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Written by: Brad Beckett