Buyers still flocking to the market, with pending home sales hitting record in August

  • 📰 CNN
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 95%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Homebuying is still going strong heading into the fall, with people rushing to lock in record low mortgage rates and sign contracts to purchase homes in August

.

Pending home sales were up 8.8% to a record high in August, according to the National Association of Realtors. Year-over-year, pending home sales rose 24.2%.More from Success So you're working remotely and want to move? Read this firstHome sales reach a 14-year high in August, with prices hitting a new record

The jump is further confirmation that the home buying season isn't following the usual seasonal trend this year, said George Ratiu, Realtor.com's senior economist. "Part of this shift can be attributed to a delayed spring home buying season due to lockdowns and buyers who are determined to lock in a historically low rate, despite rising prices and highly limited inventory," Ratiu said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Clarification and proof for the lies and fake news you reported!

Thank you Mr. President!

Gee people must have money. Thanks to Trump2020 !!!

Look at Trumps tanked economy.

But tomorrow is October.

Ireland Ireland Latest News, Ireland Ireland Headlines