U.S. Pending Home Sales Show Modest Increase, NAR Report Indicates
Thursday, 28 March 2024, 14:01
NAR Report: U.S. Pending Home Sales Analysis
The National Association of Realtors (NAR) released a report showing a 1.6% increase in pending home sales in the U.S. This rise was influenced by slight improvements in inventory and positive job growth rates.
Key Highlights:
- February Data: The National Association of Realtors' Pending Home Sales index increased to 75.6 from a revised 74.4 in the previous month.
- Yearly Comparison: Despite the monthly growth, pending home sales registered a 7% decline in February on a yearly basis.
In conclusion, the February data reflects a modest improvement in U.S. pending home sales propelled by positive factors such as job gains and inventory adjustments, although annual figures present a downward trend.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.