Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months, according to a new report from Redfin.
Meanwhile, National Association of Realtors reported that in December, pending home sales improved for the first time since May, up 2.5% from November.
Erin Sykes Chief Economist and Real Estate Advisor for Nest Seekers International, tells GlobeSt.com that Q4 was the slowest fourth quarter since 2010, but transaction volume has picked up slightly in January.
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