U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, the National Association of Realtors said on Wednesday.
The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by the National Association of Realtors .Analysts polled by the Wall Street Journal had forecast the pending... The numbers: U.S. pending-home sales fell 4% in November, which is the sixth straight monthly drop, according to the index released Wednesday by the National Association of Realtors .
Big picture: The housing market continues to stumble through 2022, as elevated mortgage rates keep buyers out of the market. What they’re saying: “Housing markets have entered a winter freeze,” George Ratiu, senior economist at Realtor.com, said in a statement.
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