The housing market just went negative yet again. Pending home sales in the US have DECREASED over the last 2 months in a row. I share all the details in today’s housing market update including a real estate update on home prices thanks to a brand new report from Corelogic.
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According to the National Association of Realtors (NAR), pending home sales decreased by 1.8% from June to July 2021. In addition, year-over-year contract signings slipped 8.5%. On a regional level, only the West had an increase in contract signings from June but all 4 major regions recorded year-over-year decreases.
This is after existing home sales in the US have increased for the last 2 …