Pending Home Sales (May 2025)

Excerpt:  “In May 2025, all four U.S. regions experienced month-over-month gains in transactions. Year-over-year, contract signings rose in the Midwest and South but descended in the Northeast and West. According to NAR Chief Economist Lawrence Yun, ‘Consistent job gains and rising wages are modestly helping the housing market, with hourly wages increasing faster than home prices. However, mortgage rate fluctuations are the primary driver of homebuying decisions and impact housing affordability more than wage gains.'”