Contract Signings Post Solid Gain
Existing-home sales and contract signings saw strong gains in October, but both remained below year ago levels because of the persistent supply and affordability hurdles in much of the country.
34 days Listings are going under contract typically a week faster than last October.
Supply levels remain weak, but strong job growth and higher wages are giving households added assurance that now is a good time to buy a home.
NAR Chief Economist Lawrence Yun talks about the multi-year economic recovery, job creation, buyer interest, new home sales, and inventory levels.
source: NAR news
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