Pending U.S. home sales hit a new low, fewer homes under contract in Utah
For the four weeks ending Oct. 18, the number of homes for sale with an offer was down 14.4% from the same period a year ago, according to Redfin. Pending home sales in the U.S. fell to the lowest level on record, according to Redfin. For the four weeks ending Oct. 18, there were 281,749 homes for sale nationwide where an offer had been accepted, a 1.9% decrease from the previous week and down 14.4% from the same period a year ago. This is the lowest pending home sales level since Redfin began collecting data in 2021. All of the 50 most populous metropolitan areas in the United States saw a decline for the second week in a row. Major cities and surrounding areas with the biggest year-over-year decrease in pending sales were Seattle, San Diego, Atlanta, Denver, and Las Vegas. The National Association of Realtors reported a record low for contract signings in September, with 3,191 homes under contract in Utah, down 18% from 3,903 a year earlier. The typical monthly mortgage payment is now up to $2,796, the second-highest level on records.
Pubblicato : 2 ore fa di Lisa Riley RocheDeseret News in Business Finance
SALT LAKE CITY — Pending home sales in the U.S. just fell to the lowest level on record.
For the four weeks ending Oct. 18, there were 281,749 homes for sale nationwide where an offer had been accept... [2687 symbols]
Temi: Real Estate, Markets
