Wednesday, 14 April 2021 | The Latest Buzz for the Appraisal Industry

Home Sales Take a Big Hit, Back to Pre-Covid Levels; Rates Back Near Pre-Covid Highs

February’s pending home sales suffered a double digit month-over-month decline in February and fell below the pace a year earlier for the first time in eight months. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) dropped from 122.8 to 110.3, a decline of 10.6 percent from January and 0.5 percent compared to February 2020. The PHSI reflects contracts to purchase existing single-family houses, townhomes, condos, and cooperative apartments and is

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