RAB Insights

RAB Research Archive

Pending home sales drop in April due to high interest rates

In April 2024, pending home sales fell by 7.7% across all U.S. regions. The Pending Home Sales Index dropped to 72.3, with transactions down 7.4% year-over-year. High interest rates impacted buying despite increased inventory, but a future rate cut may improve conditions.

Source: National Association of Realtors

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