Tag Archives: market news

NAR Research: Pending Home Sales Slip in June, Remain Above a Year Ago | realtor.org

According to the Realtors® Confidence Index, the buyer traffic index stood at 60 in June while the seller index was 41, which shows a large imbalance between buyer and seller interest. A value of 50 implies neutral market conditions; the disparity between buyers and sellers began to grow in early spring and has been in a particularly large imbalance for the past two months.“Any bank-owned properties that have been held back in markets with inventory shortages should be released expeditiously to help meet market demand,” Yun said. “Housing starts will likely need to double over the next two years to satisfy the pent-up demand for both rentals and ownership.”

via NAR Research: Pending Home Sales Slip in June, Remain Above a Year Ago | realtor.org.