Pending-home sales take 4.4% hit in April

Pending-home sales dropped 4.4 percent in April from the month before to a Pending Home Sales Index (PHSI) of 106.2, according to a report released on Thursday by the National Association of Realtors (NAR). The index is an indicator of future home sales based on contract signings. An index of 100 represents the level of … Read more

Glenn Kelman shares 14 reasons the market is so ‘bizarre’ now

What is a homebuyer to do when offering five figures above the asking price, waiving inspection contingencies and making other concessions isn’t enough to win the home of their dreams or at least one of the homes available right now? While some buyers are simply bowing out, others have begun making desperate decisions, such as offering … Read more

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