The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.
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Florida was one of the hottest destinations during the pandemic, but the state’s housing market might be coming down to earth. According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% year over year. At 172,209 homes, it’s the highest reading of any month dating to when…
The Jason Mitchell Group certainly has reason to celebrate. On Thursday, the Consumer Financial Protection Bureau (CFPB) notified the U.S. District Court in Detroit that it was voluntarily dismissing its “kickback” lawsuit against the Jason Mitchell Group, Rocket Homes and others, with prejudice, meaning that the CFPB cannot file another complaint against the same defendants…
Another report, another dismal assessment of the January housing market. The Pending Home Sales Index (PHS) from The National Association of Realtors (NAR) shows a 5.2% year-over-year drop nationally and a 4.6% decline compared to December. It’s the latest in a string of reports that show a housing market that’s been slow out of the…