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Pending home sales

Mortgages are still in demand. Qualifying for one is a different story.

by Justin Ho
Sep 29, 2023
Pending home sales fell more than 7% in August, according to the National Association of Realtors. While demand for homes is still high, people are having a harder time qualifying for mortgages — and that's intensifying demand for cheaper homes.
"A lot of our borrowers are assuming that in 3 or 5 years, those interest rates are going to have come back down," said Chris Duncan of La Salle State Bank at Illinois.
Stefani Reynolds/AFP via Getty Images
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Homebuyers keep looking for a dip in mortgage rates

by Sabri Ben-Achour
Mar 29, 2023
A February rise in pending home sales likely reflects a short dip in rates earlier.
An uptick in a pending home sales in February follows lower mortgage rates from a month or two earlier.
Justin Sullivan/Getty Images
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Economic indicators that make you go 'hmmmmm'

by Jim Burress
Oct 28, 2013
Pending housing starts are disappointing and industrial production is up. Business spending was less than expected last week.
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