The number of Americans signing contracts to buy homes rebounded by a record 44.3% in May after a record-breaking decline the previous month, as effects of the coronavirus pandemic sidelined both buyers and sellers.

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More Americans signed contracts to buy homes in August, suggesting that low mortgage rates may lead to a sustained turnaround for the housing market.

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General contractors and other small businesses in the home-remodeling industry can expect their revenue inflows to slow in 2019 as a result of rising mortgage rates and sluggish home sales.

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Pending home sales slipped in August as fewer Americans signed contracts to purchase a house, the fourth decline in the past five months.

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Slightly more Americans signed contracts to buy homes in March, yet higher mortgage rates and a shortage of houses for sale are weighing on buyers.

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Slightly more people signed contracts in November to buy homes, and pending sales rose just 0.2 percent as the housing market coped with a dwindling supply of properties on the market.

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More people signed contracts in October to buy homes, ending three straight months of declines.

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Fewer people signed contracts to buy homes in August, marking the fifth decline in the past six months. The 2.6 percent fall continues to show there is a worsening shortage of homes being listed for sale.

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Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter buyers.

Tagged with: National Association of Realtors pending home sales

A measure of Americans who signed contracts to buy homes fell only slightly in February to the second-highest level in almost three years. The report suggests sales of previously occupied homes will keep rising in the coming months.

Tagged with: National Association of Realtors pending home sales real estate