By Brad Beckett on May 5, 2025
The National Association of Realtors is reporting that pending home sales rose 6.1% in in March, 2025. Click here to read more.
The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 76.5 in March.
“Home buyers are acutely sensitive to even minor fluctuations in mortgage rates…While contract signings are not a guarantee of eventual closings, the solid rise in pending home sales implies a sizable build-up of potential home buyers, fueled by ongoing job growth.” Said the NAR’s Chief Economist Lawrence Yun.
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