Tuesday, 16 August 2022 | The Latest Buzz for the Appraisal Industry

Pending Home Sales Eked Out an Increase in May

Despite rising mortgage interest rates, pending home sales increased slightly in May, rising 0.7% compared with April, according to the National Association of Realtors (NAR).

The increase follows six straight months of decreases.

Regionally, and month over month, contract signings jumped 15.4% in the Northeast, however, they fell 1.7% in the Midwest, 0.2% in the South, and 5.0% in the West.

Year over year, pending home sales saw double digit decreases in three out



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