Pending Home Sales Rise in August as Mortgage Rates Fall

Pending home sales rise in August as mortgage rates fall

The American housing market picked up in August, with more homes going under contract both compared to July and to the same time last year, according to the National Association of Realtors (NAR). In August, pending home sales increased by 4% from July and were 3.8% higher than in August 2024. Homes under contract but not yet sold increased in the Midwest, South and West regions of the United States. However, they decreased in the Northeast duri…

Pending home sales climb 4.0% in August, easily beating consensus

The U.S. Pending Home Sales Index jumped 4.0% M/M to 74.7 in August, well above the 0.2% increase expected and the 0.3% decrease in July, which was revised from -0.4% according to data released by the National Association of Realtors on Monday.

Pending US Home Sales Jump to Highest Level in Five Months

Pending sales of US existing homes rose in August to the highest level in five months, as falling mortgage rates gave a much-needed lift to the sluggish housing market.

Lower Mortgage Rates Spark Surge In Pending Home Sales In August

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U.S. Housing Market Heats Up: Pending Home Sales Surge 4.0% In August With Lower Mortgage Rates

Regional Gains Propel Both Monthly and Annual Increases; Midwest Leads the Charge The housing market showed significant momentum in August as pending home sales jumped 4.0% from the prior month, according to the National Association of REALTORS® (NAR) Pending Home Sales Report. This increase, which marks a substantial recovery in contract signings, was attributed primarily […] U.S. Housing Market Heats Up: Pending Home Sales Surge 4.0% In August…

Late-summer jump in homebuying activity bucks expectations

While pending home sales increased in August, some economists say mortgage rates need to fall closer to 6% before the market can “improve more noticeably.”