Thursday, April 27, 2017

Lack of housing supply slows pending home sales in March

Lack of housing supply slows pending home sales in March: Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.