Thursday, June 1, 2023 | The Latest Buzz for the Appraisal Industry

Pending Home Sales Rise For 1st Time in 6 Months

Pending Home Sales hit their most recent peak in October according to data reported in November, 2021 by the National Association of Realtors (NAR).  In each of the subsequent 6 months, the NAR’s Pending Home Sales Index declined until bottoming out in April at 99.2.  Apart from the first 2 months of the pandemic, that was the lowest reading since 2014. Today’s report (for the month of May) finally saw the index improve.  While the gains

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