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Pending Home Sales Drop Amid High Mortgage Rates

3/27/2025

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Summary

Story summary

High mortgage rates have caused a 4.6% decline in pending home sales.
An 8.2% rise in new listings offers some relief, yet affordability issues persist.
Experts foresee modest growth in home sales and prices, aided by better inventory and lower rates.
Consumer sentiment remains low, with fears of a market crash amid economic uncertainties.

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Story summary

High mortgage rates have caused a 4.6% decline in pending home sales.
An 8.2% rise in new listings offers some relief, yet affordability issues persist.
Experts foresee modest growth in home sales and prices, aided by better inventory and lower rates.
Consumer sentiment remains low, with fears of a market crash amid economic uncertainties.