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You are here: Home / Real Estate / Pending home sales up in May, but…

Pending home sales up in May, but…

June 30, 2022 By Geoffrey Disch Leave a Comment

After six months of declining pending home sales, things turned around in May but the National Association of Realtors believes it’s a one-month aberration and sales will continue to fall.

Mortgage rates have risen 2.5 percentage points since January and most analysts believe that this rise, coupled with continued low inventory, will severely limit home sales in 2022 and possibly beyond.

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Filed Under: Real Estate Tagged With: Pending home sales 2022

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