Pending US home sales rose by the most in more than two-and-a-half years in January

Pending US home sales rose by the most in more than two-and-a-half years in January

US pending home sales rose by the most in more than two and a half years in January, as the National Association of Realtors said that the index of pending home sales in the United States rose by 8.1% in January, the largest increase since June 2020, and analysts expected that sales of pending homes It will rise by 1.0% in January.

On an annual basis, pending home sales fell 24.1% in January, and the Mortgage Funding Agency raised its 30-year fixed mortgage rate to an average of 6.50% last week from 6.32% the week before. “Home sales activity appears to have bottomed out in the first quarter of this year before additional improvements occur,” said Lawrence Yoon, chief economist at the National Association of Realtors (NAR).