In March, U.S. pending home sales experienced a significant increase, rising by 3.4% month-over-month and up 0.1% year-over-year, surpassing the expected 0.4% rise. This growth occurred despite higher mortgage rates, marking the strongest gain since December 2023. The National Association of Realtors highlighted that this increase was observed across the Northeast, South, and West, although the Midwest saw a decline in transactions. Additionally, new home sales also rose by 8.8% during the same period.
Pending home sales post a modest gain in March: NAR: Pending home sales increased by 3.4% from February to March despite rising mortgage rates, the National Association of Realtors reported. https://t.co/1Mj0K4SuEj
Pending home sales see unexpected jump in March, despite rising mortgage rates https://t.co/xm3henmdiw
March pending home sales +3.4% month/month vs. +0.4% est. & +1.6% prior … strongest gain since December 2023 https://t.co/SarUkQ8O8I
Pending home sales rise 3.4% in March: https://t.co/uMw8wvUfip
US Pending Home Sales Rise In March, But... https://t.co/BWuDWka5zo
NAR: Pending Home Sales Increase 3.4% in March; Up 0.1% Year-over-year https://t.co/2yIVyRIDzG
Pending home sales climbed 3.4% in March. The Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. https://t.co/ly7bgfU16U
US PENDING HOME SALES MARCH REPORT https://t.co/9mXCqitVdT
US MARCH PENDING HOME SALES RISE 3.4% M/M; EST. UP 0.4%
New home sales rose 8.8% in March despite higher mortgage rates https://t.co/EqIXZnKDOk https://t.co/EqIXZnKDOk